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Tech Overhang Weighing on European Indices

US SWAPS: Spds running mildly mixed by the bell, wings wider vs. tighter
intermediates, long end reversing tighter levels late. Light 2-way position
squaring, light deal-tied hedging. OTC vol lower across the strip after early
bump higher on Kevin Warsh news aired. Latest spread levels:
* 2Y +0.19/25.25
* 5Y -0.12/7.63
* 10Y -0.25/-4.31
* 30Y +.06/-32.88
MNI Chicago Bureau | +1 312-431-0089 |