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US SWAPS: Spds hold narrow range on day while short end flips to tighter/long
end wider late. Deal-tied flow in the mix, supply ramping up late. Earlier flow
remains relatively light w/2-way in 2s around 2.8235-2.830%, 2s3s and 3s4s
steepeners and some deal-tied paying in 5s. Decent fly activity 2s4s5s and
8s9s10s, receiving the belly. Latest spd levels:
* 2Y -0.38/23.12
* 5Y -0.25/14.00
* 10Y -0.38/6.94
* 30Y +0.06/-3.06