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Spds running mildly tighter after the......>

US SWAPS
US SWAPS: Spds running mildly tighter after the bell, 2Y quoted over new issue.
Modest overnight flow includes two-way deal-tied flow, better receivers in the
intermediates earlier. Latest spd level:
Time (ET)   2Y Swap/Mid    5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid
Wed Open    +0.62/3.44     -0.15/-1.62    -0.40/-7.00   -0.12/-36.56
Wed 0730    +0.31/3.12     -0.15/-1.62    -0.40/-7.00   -0.07/-36.50
Tue 1500    +0.06/2.62     -0.31/-1.69    -0.38/-7.12   -1.12/-36.31
Tuesday recap: Spds mostly tighter by the bell, short end lagging move amid
decent amount of swappable corporate issuance on the day. Aside from hedge
unwinds, second half flow included decent receiving in 6s-10s after some paying
in 5s at 1.7985%, couple payer flys: 3s5s10s and 23s5s10s on decent size.

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