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Spds mostly tighter by the close,..........>

US SWAPS
US SWAPS: Spds mostly tighter by the close, directional again with lower Tsy
ylds, rates ignoring the early risk-off unwind tone spurred on by rebound in
equities after Pres Trump said considering "AUTO-TARIFF DELAY UP TO SIX MONTHS".
Another round of healthy swappable issuance from financial names added to
narrowing. Latest spd levels:
Time (ET)   2Y Swap/Mid    5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid
Wed 3:00    +0.25/7.75     -0.62/1.75     -0.94/-4.56   -0.75/-28.75
1:30        +0.25/7.75     -0.62/1.75     -0.88/-4.50   -0.75/-28.75
12:00       +0.38/7.88     -0.38/2.00     -0.50/-4.12   -0.44/-28.44
10:00       +0.19/7.69     -0.88/1.50     -0.88/-4.50   -0.94/-28.94
Wed Open    +0.06/7.56     -0.50/1.88     -0.62/-4.25   -0.56/-28.56
Tue 3:00    -0.25/7.75     -0.62/2.31     -0.50/-3.62   -0.31/-27.88
Tuesday recap: Spds running mildly tighter across the curve after the bell, low
end narrow range amid moderate deal-tied hedging and two-way spd flys in
2s5s10s, after payer flys in 2s4s7s and 5s8s9s. 

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