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Spds mixed by the bell, spd curve..........>

US SWAPS
US SWAPS: Spds mixed by the bell, spd curve flatter all session w/long end spds
tighter/off midday narrows late. Rather modest flow, two-way positioning ahead
week's event risk, light swappable supply lending to front end holding wider.
Earlier, sources reported fast$ paying in belly, spd curve steepeners out the
curve from bank portfolios earlier. More recently, small ($74.9k) DV01 2s5s
flattener, rate paying 10s at 2.72349%. OTC swaption vol higher, paring gains
late. Latest spread levels:
* 2Y  +0.06/19.44
* 5Y  +0.25/7.31
* 10Y -0.38/1.94
* 30Y -0.88/-14.75

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