Spds mostly wider, long end leading move...>

US SWAPS: Spds mostly wider, long end leading move after gapping wider on

renewed hopes of bank deregulation annc soon, 30Y off deeper inverted levels on

hopes for reducing bank's leverage ratio (SLR), etc. after chatter made rounds

again that Fed, OCC, FDIC may be close to announcing changes after being

disappointed over a week ago when vice chair for supervision of the Federal

Reserve Board of Governors Randy Quarles failed to deliver. Increase Tsy funding

keeping short end anchored. Typical flow earlier, light heading into FOMC with

exception of prop and fast$ paying in long end. Latest spread levels:

* 2Y  +0.00/18.81

* 5Y  +0.25/7.50

* 10Y +0.88/2.75

* 30Y +2.38/-12.38