Spds holding mildly wider/narrow range.....>

US SWAPS: Spds holding mildly wider/narrow range for the most part, long end

breaking out during second half. Ongoing receivers in short end helping keep

spds in-line, 2s5s10s receiver fly also noted. Earlier two-way tending toward

better receiving in 2s from 1.6490%-1.6378%, receivers in 5s (1.6425%) and 10s

(1.8055%) over the last hour in addition to 5s7s10s payer fly. Current levels:

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

1415        +0.25/+6.31    +0.19/-0.31   +0.31/-5.38    +0.88/-32.62

1230        +0.19/+6.25    +0.19/-0.31   +0.19/-5.50    +0.75/-32.75

1015        +0.19/+6.25    +0.19/-0.31   +0.25/-5.44    +0.38/-33.12

Fri Open    +0.44/+6.50    +0.06/-0.44   +0.06/-5.62    -0.25/-33.75

Thu 1500    +0.65/+6.56    -0.50/-0.62   +0.00/-5.75    +0.69/-33.81

Thu Open    +0.22/+6.12    -0.38/-0.50   -0.38/-6.12    -0.38/-34.88

Wed 1500    -0.44/+6.50    -0.06/-0.12   -0.06/-5.56    -0.12/-34.38