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Spds have turned mostly wider while........>

US SWAPS
US SWAPS: Spds have turned mostly wider while short end extends narrowing. Note,
10Y dis-inverted Monday and continues to widen to mid-2015 wides; 30y spd still
inverted but also at mid-2015 "highs". Flow, spd curve flatteners noted in 5s
vs. 7s and 10s, 10s30s. More recent $123k 2/4/5 fly, receiving 5s. Latest spread
levels:
* 2Y  -0.50/17.50
* 5Y  +0.12/6.12
* 10Y +0.12/+1.81
* 30Y +0.12/-19.88
Monday recap: Spds running mostly wider by the bell, long end dragging shorts
off narrows in late trade, spd curve steeper all session. Generally modest swap
flow on day, two-way in the short end vs. better rate paying in 30s. OTC vol
lower across the surface, light payer selling in 1m10Y, spec selling ahead Fri's
NOV NFP. 

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