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Spds are running mostly tighter after......>

US SWAPS
US SWAPS: Spds are running mostly tighter after the bell, narrow range w/short
end resisting all session. Spds weighed down by another day of decent/heavy
corporate issuance. Some swap accts looking at spd curve steepeners in front end
vs. intermediates. Bear steepener in Tsys helped buoy option implieds, better
buyers low delta puts, small straddle buyers. Latest spread levels:
* 2Y +0.25/25.44
* 5Y -0.25/7.12
* 10Y -0.25/-4.38
* 30Y -0.25/-32.88

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