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

US SWAPS: Spds mixed by the closing bell, spd curve vs. 2s flatter, session lows

vs. steepening in Tsys. Second half rate paying in 2s and 5s, curve unwinds vs.

10s and 30s on light size. First half flow included small $47.2k DV01 3Y-5Y

STEEPENER, switch in 2s around 2.039-2.03875% and 8s around 2.329-2.305%;

earlier flatteners in 2s10s and 12s30s, receiving in belly of 5Y-7Y-10Y fly. OTC

and exchange traded option vol lower/off session lows in late trade; decent

buying limited downside Eurodollar put flys bought in latter, 1Q18 downside

insurance buying. Latest spread levels:

* 2Y  +1.56/20.25

* 5Y  +0.56/5.06

* 10Y -0.44/-1.38

* 30Y -0.50/-20.25