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*** Spds back to running mixed after.......>

US SWAPS
US SWAPS: *** Spds back to running mixed after narrowing in early trade,
sporadic rate paying tied to hedge acct story losing ground to incoming supply
(KFW and ADB) today. Sources noted some receiving in the intermediates by
leveraged$ earlier in addition to two-way flow from specs positioning differing
opinions over possible increased auction sizes. Peripherally, weaker USD and
drop in oil on increased production (Libya headlines) are contributing to the
current rally in long end Tsys, while rebound in FANG stacks (Facebook, Amazon,
Netflix, and Alphabet) is contributing to dollar asset buying. Latest spread
levels:
* 2Y -0.28/24.44
* 5Y +0.26/7.31
* 10Y +0.00/-4.62
* 30Y -0.17/-34.62

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