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Spds holding steady/mixed/narrow range.....>

US SWAPS
US SWAPS: Spds holding steady/mixed/narrow range. Recent flow includes $240M
payer in 3s at 1.96125% after 10Y10Y forward steepener. Sources noted bank
paying in 10s coming into the session. Latest spread levels:
* 2Y  +0.25/23.00
* 5Y  +0.00/7.56
* 10Y +0.06/-2.25
* 30Y -0.12/-29.12
Wednesday recap: Spds running steady/mixed by the close, spd curve steeper as
short end narrows. Modest flow on the day w/ small receiver $170M 6Y at 2.195%
after 5Y6Y7Y fly, receiving the belly, earlier payers on light size (<$200M) in
6- and 10Y (2.2344% and 2.447% respectively. Deal-tied hedging in the mix. 

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