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Spds back to narrowing, unwound near.......>

US SWAPS
US SWAPS: Spds back to narrowing, unwound near half Mon's bounce earlier after
grinding to new all-time lows last week on forced unwinds/stop-outs. Decent
two-way in 2-5s overnight leaning towards better receiving last few hours, spd
curve steepeners in front end counter to bull flattening in rates. Latest spd
levels:
Time (ET)   2Y Swap/Mid    5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid
Tue 1500    -0.44/2.69     -0.75/-1.25    -0.44/-5.75   -0.44/-31.81
1345        +0.00/3.12     -0.50/-1.00    -0.75/-6.06   -0.50/-31.88
1200        -0.88/2.25     -1.00/-1.50    -1.19/-6.50   -1.12/-32.50
Tue Open    -0.62/2.50     -0.75/-1.25    -0.69/-6.00   -0.50/-31.88
Tue 0745    -0.44/2.69     -0.56/-1.06    -0.50/-5.81   -0.38/-31.75
Mon 1500    +1.62/3.31     +1.25/-1.00    +1.25/-5.69   +1.50/-31.62

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