Spds hold a largely narrow range by the....>

US SWAPS: Spds hold a largely narrow range by the bell, mostly wider with long

end extending tighter after the 30Y R/O. Spds were mildly mixed after CPI, spd

curve mildly steeper for most of the session. Limited swap-tied flow w/ some

deal-tied selling in fronts to intermediates coming into the session, mild rate

receiving from props in short end into the post-data sale. Current levels:

Time (ET)   2Y Swap/Mid    5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid

Thu 1500    +0.38/4.50     +0.25/-0.50    +0.19/-5.06   -1.12/-33.19

1345        +0.50/4.62     +0.31/-0.44    +0.12/-5.12   -1.31/-33.00

1200        -0.12/4.00     +0.25/-0.50    +0.38/-4.88   -0.38/-32.06

1030        -0.31/3.81     -0.06/-0.81    +0.38/-4.88   +0.19/-31.50

0845        -0.31/3.81     -0.06/-0.81    +0.38/-4.88   +0.19/-31.50

Thu Open    -0.12/4.00     +0.06/-0.69    +0.06/-5.19   -0.50/-32.19

Wed 1500    +2.38/4.62     +1.81/-1.25    +1.00/-5.25   -0.12/-31.88