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Spds continue to drift wider, short end....>

US SWAPS
US SWAPS: Spds continue to drift wider, short end leads after modest rate paying
in 2s and 5s overnight. Current spd levels: 
* 2Y  +0.50/17.31
* 5Y  +0.06/12.38
* 10Y +0.06/6.44
* 30Y +0.06/-6.12
Wednesday recap: Spds running mildly wider, short end leading move as levels
continue to rebound from Mon's compression, lighter swappable supply heading
into the FOMC a factor (5Y spd quoted over new issue following Tue's 5Y
auction). Flow pretty light light, two way, flatteners in intermediates,
receiver in 5s. 

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