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Spds running mildly tighter spd curve......>

US SWAPS
US SWAPS: Spds running mildly tighter spd curve steeper. Incoming supply on
post-earnings from financial names expected to weigh, fast$ rate receiving 2s,
bank portfolio paying in 10s. Latest spread levels:
* 2Y  -0.50/25.38
* 5Y  -0.12/7.94
* 10Y -0.12/-4.00
* 30Y -0.12/-32.25
Friday recap: Swap spreads are trading steady to wider at the bell. Decent flow
seen with a 2Y-10Y flattener in USD60.7k DV01 and a payer of a $210mln 2Y swap
seen overnight in Europe. While there appeared to be a payer in the belly of a
9Y-10Y-12Y swap fly for $231.2k DV01 and a number of paying and receiving in
10-yr and 2-yr during NY session.

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