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Spds have receded from earlier wider.......>

US SWAPS: Spds have receded from earlier wider levels with swap action turning
light. Recent two-way flow includes rate paying in 2s at 2.149% after receiving
at 2.146%, 3Y switch, 2s5s steepener, and good sized ($275k) 2s5s9s
fly/receiving the belly. Latest spread levels:
* 2Y  -0.06/18.56
* 5Y  +0.25/4.62
* 10Y +0.12/-0.69
* 30Y +0.19/-20.06

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