Spds running mildly tighter, at/near.......>

US SWAPS: Spds running mildly tighter, at/near narrows by the close, long end

leading move. Light flow on net, some deal-tied flow earlier, 2s4s5s receiver

fly in second half. Latest spd levels:

Time (ET)   2Y Swap/Mid   5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid

Mon 3:00    -0.12/10.25   -0.31/3.12     -0.50/-1.75   -0.62/-24.00

1:30        -0.31/10.06   -0.25/3.19     -0.50/-1.75   -0.44/-23.81

12:45       +0.06/10.44   -0.25/3.19     -0.44/-1.69   -0.38/-23.75

11:15       +0.31/10.69   -0.25/3.19     -0.38/-1.62   -0.31/-23.69

10:00       -0.12/10.25   -0.25/3.19     -0.25/-1.50   -0.25/-23.62

Mon Open    +0.44/10.81   +0.19/3.62     -0.06/-1.31   +0.00/-23.38

Mon 7:00    +0.12/10.50   -0.19/3.25     -0.19/-1.44   -0.12/-23.50

Fri 3:00    +1.06/10.75   +0.06/3.50     -0.06/-1.19   -0.38/-23.25

Friday recap: Spds running mixed, spd curve flatter with short end moving wider

amid moderate rate paying in 2s-5s, possible knock-on effect massive front end

selling July FF futures. Not much in the way of supply tied hedging latter half

of week, well off $15-20B est, no Tsy note auctions next week either.