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Spds opened/held wider levels into.........>

US SWAPS
US SWAPS: Spds opened/held wider levels into midday, grinding tighter in second
half amid healthy dose of corporate issuance. Latest spd levels:
Time (ET)   2Y Swap/Mid   5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid
Tue 3:00    -0.81/9.75     -0.69/3.75     -0.06/-2.00   -0.06/-24.81
1:30        -0.50/10.06    -0.56/3.88     +0.06/-1.88   +0.00/-24.75
11:30       +0.19/10.75    -0.06/4.38     +0.25/-1.69   +0.19/-24.56
9:30        +0.44/11.00    +0.06/4.50     +0.19/-1.75   +0.12/-24.62
Tue Open    +0.19/10.75    -0.12/4.31     +0.00/-1.94   +0.00/-24.75
Mon 3:00    -0.44/10.62   -0.31/4.56     -0.50/-1.88   -1.31/-24.69
Monday recap: Spds running tighter after a mixed open, long end leading move
with front end narrowing late morning amid light two-way in front end, deal-tied
hedging still absent but expected to ramp up on increased supply est for week
($35-40B).

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