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Spds running marginally wider for the......>

US SWAPS
US SWAPS: Spds running marginally wider for the most part, long end lagging,
sources reported some two-way curve flow in the short/intermediates, rate paying
in 10s, some deal-tied paying ahead more supply for next week. Latest spd
levels: 
* 2Y  +0.31/19.00
* 5Y  +0.25/13.50
* 10Y +0.06/6.31
* 30Y -0.03/-7.50
Thursday recap: Spds ratcheted off session wides after huge $20B CIGNA
10-tranche issue launched (less than estimates north of $22B), total supply for
wk just over $55B. Supply generated payer hedging across the curve
earlier/unwinds late. Additional flow includes two-way in 5s and 7s, spd curve
flatteners in 2s5s and 5s7s, mixed fly flow on decent volume (each >$250M)
w/2s5s10 receiver, 3s5s7s and 2s5s9s payer flys. 

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