Spds holding modestly tighter across the...>

US SWAPS: Spds holding modestly tighter across the board, off lows/narrow range

amid better receiving in 2s-3s last few hours, 2-way in 5s, payer in 7s and 10s,

3s4s5s receiver fly, deal-tied hedging lighter but also in the mix. Current

levels:

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

1415        -0.56/+6.88    -0.50/+0.62   -0.62/-4.44    -0.50/-30.75

1100        -0.31/+7.12    -0.12/+1.00   -0.19/-4.00    -0.25/-30.50

0930        -0.50/+6.94    -0.38/+0.75   -0.56/-4.38    -0.50/-30.75

Thu Open    -0.69/+6.75    -0.31/+0.81   -0.50/-4.31    -0.75/-31.00

Thu 0730    -0.31/+7.12    -0.12/+1.00   -0.44/-4.25    -0.75/-31.00

Wed 1500    +1.00/+7.62    +0.62/+1.25   +0.44/-3.56    +0.88/-30.12

Wed Open    +0.12/+6.75    +0.06/+0.69   +0.12/-3.88    +0.38/-30.62

Wednesday recap: Spds running wider by the bell, session highs w/wings outpacing

intermediates. Modest flow included light payer unwinds and deal tied hedging.