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Spds hold mostly wider/spd curve...........>

US SWAPS
US SWAPS: Spds hold mostly wider/spd curve flattening lead by long end for much
of session. flow rather light in second half, includes steepeners in 3s vs. 5s
and 7s, deal-tied flow in 5s. Spd curve inched steeper following decent two-way
in short end earlier, >$500M payer in 2s (2.88%) after by scale steepeners in
2s10s and 2s 5s flattener, two-way in 9s. Latest spd levels:
* 2Y  -0.06/21.19
* 5Y  +0.06/12.81
* 10Y +0.38/6.62
* 30Y +0.94/-4.25

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