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Spds running mildly wider by the close,....>

US SWAPS
US SWAPS: Spds running mildly wider by the close, off early session wides in the
long end on light two-way flow in second half. Early trade included receivers in
5s, hedge fund payers in 10s and 30s, light supra-sovereign issuance hedging.
One swap desk views curve flattening as attractive entry point for steepeners in
spot and forward space. OTC vol gradually slipped lower on the day, modest
two-way flow. Latest spread levels:
* 2Y +0.31/25.94
* 5Y +0.38/7.94
* 10Y +0.12/-4.25
* 30Y +0.50/-32.25

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