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Spds continue to ratchet tighter amid......>

US SWAPS
US SWAPS: Spds continue to ratchet tighter amid surge in swappable corporate and
supra-sovereign issuance after weeks of inactivity. Flurry of two-way flow
w/better receivers in 2s, 5s and 7s adding to move. Earlier swap-tied flow
coming into the session includes better receivers in 2s, 3s, 8s and 9s, includes
mixed fly action: 2s8s9s payer and 7s8s9s receiver flys. Current spd levels:
1115        -2.75/+5.88    -2.06/-0.12   -1.56/-5.19    -2.25/-33.50
1030        -2.25/+6.38    -1.94/+0.00   -1.88/-5.50    -2.25/-33.50
0915        -2.00/+6.62    -2.06/-0.12   -1.88/-5.50    -2.31/-33.56
Mon Open    -1.75/+6.88    -1.50/+0.44   -1.62/-5.25    -1.56/-32.81
Mon 0715    -1.38/+7.25    -0.94/+1.00   -1.38/-5.00    -1.50/-32.75
Fri 1500    -1.12/+9.06    -0.38/+2.12   -0.38/-3.56    -1.06/-31.25

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