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Spds gapped wider after Friday's open,.....>

US SWAPS: Spds gapped wider after Friday's open, combination of risk-off and
rate paying in shorts to intermediates as safe haven bid for rates held strong
ahead weekend. Long end rebuffed move, mildly tighter all session on the back of
convexity acct receiving as 30YY slipped below 1.650%. Late spd levels:
Time(ET)   2Y Swap/Mid    5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid
Fri 1500   +2.19/+6.44    +1.88/+3.50   +1.38/-4.25    -0.00/-38.00
1200       +2.81/+7.06    +1.88/+3.50   +1.31/-4.31    -0.12/-38.12
1000       +3.00/+7.25    +1.69/+3.31   +0.44/-5.19    -0.62/-38.62
Fri Open   -0.12/+4.12    +0.06/+1.75   +0.00/-5.62    -0.62/-38.62
Thu 1500   +0.06/+4.31    +0.06/+1.62   -0.25/-5.38    -0.19/-37.31

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