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Spds inching tighter heading into late.....>

US SWAPS
US SWAPS: Spds inching tighter heading into late morning, front end off early
highs. Moderate flow since the open includes two-way in 3s w/better paying
around 2.5125-2.5180%, receivers in 5s-7s, and paying in 10s at 2.6325%. Two-way
fly action includes 2s5s10s receiver fly, 2s6s8s payer fly. Latest spd levels:
Time (ET)   2Y Swap/Mid   5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid
11:00       +0.38/11.94   -0.19/6.56     -0.38/1.06    -0.56/-20.75
9:45        +0.56/12.12   -0.06/6.69     -0.25/1.19    -0.31/-20.50
Wed Open    +0.44/12.00   +0.12/6.88     +0.12/1.56    +0.00/-20.19
Wed 7:30    +0.19/11.75   +0.06/6.81     +0.12/1.56    -0.06/-20.25
Tue 3:00    -0.94/11.62   -0.88/6.62     -0.66/1.38    -0.50/-20.12

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