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Spds back to steady/wider, short end.......>

US SWAPS
US SWAPS: Spds back to steady/wider, short end back to unchanged after falling
to session lows in second half. Modest flow on net, desks reporting light
deal-tied paying in 2s and 5s and receiving in 10s. Short end move likely due to
expected pick up in swappable supply after a slow start to the session. One desk
reported receivers across the curve in second half, not corroborated by others,
however. OTC vols lower for the most part following minutes release and rally in
rates, longer vega outperforming.
Latest spread levels:
* 2Y +0.00/25.94
* 5Y +0.62/7.50
* 10Y +0.0/-5.12
* 30Y +0.25/-33.31

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