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Spds running mildly tighter, low end of....>

US SWAPS
US SWAPS: Spds running mildly tighter, low end of range; decent $460M payer in
2s at 2.8109% recently, fast$ 10s30s steepeners. Latest spd levels:
* 2Y  -0.81/22.94
* 5Y  -0.50/9.38
* 10Y -0.50/3.19
* 30Y -0.31/-8.50
Monday recap: Spds running mixed by the bell, wings tighter vs. wider
intermediates. Earlier flow includes $240mln+ receiver of USD 3Y at 2.915%,
$170mln+ payer of USD 7Y at 3.055%, two-way 2s5s curve flow since the open,
$145.7k DV01 2s10s steepener and $291.4k 2Y-5Y-10Y Fly, receiving the belly. No
incoming corp supply hedging.

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