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Spds continue to inch off early wides......>

US SWAPS
US SWAPS: Spds continue to inch off early wides even as Tsy ylds continue climb.
In-line flow includes some deal-tied unwinds and better receiving over last hour
in 1s (1.8325%), 4s (1.480%) 9s (1.595% and 10s 1.634%; 2-way in 2s around
1.6015-1.6094%. Earlier rebound more in spds was more directional w/Tsy ylds
than flow driven at the moment, though some rate paying noted in 2s (1.5895%, 3s
(1.498% and 10s (1.606%. Latest spd levels (Net change/Mid lvl):
Time (ET)   2Y Swap/Mid    5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid
0945        +0.50/-1.38    +0.85/-7.25   +0.31/-12.44   -0.12/-41.81
Thu Open    +0.88/-1.00    +1.10/-7.00   +0.75/-12.00   +0.25/-41.44
Thu 0745    +0.88/-1.00    +1.10/-7.00   +0.75/-12.00   +0.88/-40.81
Wed 1500    -2.69/-2.62    -2.50/-7.81   -2.62/-12.62   -2.50/-41.25

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