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Spds have continued steady march to........>

US SWAPS
US SWAPS: Spds have continued steady march to session wides, short end
outpacing, move partially supported by drop in swappable issuance today. Decent
midday flow includes near $1B scale receiver in 5s fading move wider, $500M
receiver in 1Y at 2.55774% and some mixed flys: $292.2k 2Y-7Y-10Y Fly (receiving
belly), $186.2k 4Y-5Y-6Y Fly (paying belly) and $292.2k 2Y-4Y-10Y Fly (paying
belly). Latest spd levels:
* 2Y  +1.62/27.12
* 5Y  +1.00/11.75
* 10Y +0.50/3.00
* 30Y +0.81/-12.19

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