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Spds cinching tighter across the board.....>

US SWAPS
US SWAPS: Spds cinching tighter across the board amid better than anticipated
swappable issuance from financial names ($4.5B World Bank 5Y, Kommunalbanken 2Y,
Bank of America 6NC5, SunTrust Bank 5Y, $1B MuniFin 5Y). Better rate lock paying
over last couple hours, two-way in 2s, 3s5s7s payer fly noted. Latest spd
levels:
Time (ET)   2Y Swap/Mid   5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid
11:45       -1.00/11.56   -1.00/6.50     -0.71/1.31    -0.38/-20.00
9:30        -0.81/11.75   -0.62/6.88     -0.50/1.50    -0.38/-20.00
Tue Open    -0.62/11.94   -0.31/7.19     -0.38/1.62    -0.38/-20.00
Tue 7:45    -0.25/12.31   +0.00/7.50     +0.00/2.00    +0.12/-19.50
Mon 3:00    +0.31/12.25   -0.06/7.44     +0.10/2.00    +0.00/-19.75

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