Spds running mildly wider across the.......>

US SWAPS: Spds running mildly wider across the curve, light early 2-way flow,

payers in 4s (2.97) and 5s (2.98125%). Latest spd levels:

* 2Y  +0.44/20.69

* 5Y  +0.50/12.75

* 10Y +0.25/6.12

* 30Y +0.50/-5.25

Friday recap: Spds have marched wider w/wings still outpacing intermediates

since the open on rather decent flow on the day though volume moderated late.

Midday flow includes nearly $1B nominal payer in 2s around 2.879-.88%, payer in

10s at 3.01575%, steepeners in 2s5s and 5s10s, mixed fly action: 2s8s9s

receiving belly, 3s4s5s paying bell. Earlier flow included $300M payer 1s

(2.6689%), receiver 2s (2.8775%), 2s10s and 5s7s flatteners, 2s3s steepener,

2s5s7s fly/receiving belly.