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Spds ground tighter late amid an...........>

US SWAPS
US SWAPS: Spds ground tighter late amid an unexpectedly decent amount of
corporate issuance on the session ($12.75B). Otherwise rather quiet session for
swaps. Latest spd levels:
Time (ET)   2Y Swap/Mid   5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid
Tue 3:00    -0.56/9.50    -0.19/3.44     -0.25/-1.12   +0.12/-23.69
12:30       +0.12/10.19   +0.00/3.62     -0.06/-0.94   +0.31/-23.50
11:15       +0.19/10.25   +0.00/3.62     -0.06/-0.94   +0.31/-23.50
9:00        +0.06/10.12   -0.12/3.50     -0.25/-1.12   -0.12/-23.94
Tue Open    +0.19/10.25   +0.06/3.69     +0.00/-0.88   +0.00/-23.81
Mon 3:00    -0.19/9.86    +0.50/3.50     +0.62/-1.00   +1.25/-23.75
Spds still mostly wider, long end extending move into midday. Light flow on net,
receivers in 2s at 2.501%, 5s at 2.4056% and 10s at 2.5445%; payer in 3s at
2.4406%. Earlier, mild receivers in 2s and 3s after the open, rate paying in 5s
at 2.4310%.

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