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Spds drifting wider after the bell w/OIS...>

US SWAPS
US SWAPS: Spds drifting wider after the bell w/OIS spds, top end of narrow range
on light volume, prop acct rate paying in 2s, receivers in 3s. Latest spread
levels:
* 2Y +0.44/26.38
* 5Y +0.12/7.50
* 10Y +0.25/-4.56
* 30Y +0.25/-33.19
Wednesday recap: 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.

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