Spds back to mildly wider for the most.....>

US SWAPS: Spds back to mildly wider for the most part, long end resisting move.

Decent flow over the last couple hours centered on better rate paying in 10s,

receivers in 2s and 5s, 2s3s5s receiver nd 3s4s5s payer flys. Deal-tied hedging

in the mix. In the first half, long end leading spds rebound off early narrows,

directional with modest rise in Tsy ylds. Generally modest swap-tied flow in

first half, 3s7s10s payer fly after the open, switch in 5s, payer in 7s. Latest

spd levels:

Time(ET)  2Y Swap/Mid    5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid

1430       -0.47/+5.81    -0.06/+0.81   -0.19/-4.25    +0.25/-32.12

1300       -0.53/+5.75    -0.11/+0.75   -0.19/-4.25    +0.25/-32.12

1130       -0.59/+5.69    +0.02/+0.88   +0.06/-4.00    +0.50/-31.88

0915       -0.03/+6.25    +0.02/+0.88   +0.06/-4.00    +0.38/-32.00

Thu Open   -0.16/+6.12    -0.42/+0.44   -0.25/-4.31    +0.25/-32.12

Thu 0700   -0.16/+6.12    -0.42/+0.44   -0.25/-4.31    +0.25/-32.12

Wed 1500   -0.31/+6.31    +0.38/+0.88   +0.31/-4.19    +0.25/-32.25