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Spds reversed course later in second.......>

US SWAPS
US SWAPS: Spds reversed course later in second half, mildly tighter by the close
on light hedge unwinds and flatteners in 2s vs. 3s and 5s. Earlier flow included
bank portfolio 2-way in front end, payer in 2s at 2.86375%, receiver in 5s at
2.9675%, 2s3s steepener, 2s3s5s and 2s3s7s flys/receiving belly. Latest spd
levels:
* 2Y  -0.31/18.94
* 5Y  -0.69/12.06
* 10Y -0.25/5.00
* 30Y -0.06/-7.12

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