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### Spds have extended wider since the.....>

US SWAPS
US SWAPS: ### Spds have extended wider since the open, long end surging last few
minutes -- canary in the coal mine for bank de-regulations. Long end spd
continues to move off deeper inverted levels on hopes for reducing bank's
leverage ratio (SLR), etc. Chatter making the rounds Fed, OCC, FDIC may be close
to announcing changes after being disappointed over a week ago when vice chair
for supervision of the Federal Reserve Board of Governors Randy Quarles failed
to deliver. Latest spread levels:
* 2Y  +0.88/19.69
* 5Y  +0.75/8.00
* 10Y +0.81/2.69
* 30Y +1.50/-13.00

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