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Spds extend early widening amid............>

US SWAPS
US SWAPS: Spds extend early widening amid continued, decent swap-tied flow in
shorts to intermediates. Large two-way in 2s tending toward better rate paying
from 2.9145-2.9163%, payer in3s at 2.8925%, two-way in 4s from 2.8725-2.8775%,
two-way in 5s tending toward better paying in 5s, and payer in 10s at 2.9445%.
Mixed fly trade: 2s3s4s and 2s5s7s receiver flys, 2s3s5s and 2s5s10s payer flys.
Latest spd levels:
* 2Y +1.12/13.50
* 5Y +1.12/10.50
* 10Y +0.50/3.94
* 30Y +0.50/-13.38

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