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Spds running mildly wider, light rate......>

US SWAPS
US SWAPS: Spds running mildly wider, light rate paying in 2s-5s earlier followed
rate receiving in 4s at 2.8688%. Very quiet after early week compression. Latest
spd levels:
* 2Y +0.19/13.69
* 5Y +0.12/10.50
* 10Y +0.06/3.50
* 30Y +0.46/-13.56
Wednesday recap: Similar late session theme where spds retrace late, but holding
wider this time. Spds extend early widening into midday amid continued, decent
swap-tied flow in shorts to intermediates. Large two-way in 2s tending toward
better rate paying from 2.9145-2.9163%, payer in3s at 2.8925%, two-way in 4s
from 2.8725-2.8775%, two-way in 5s tending toward better paying in 5s, and payer
in 10s at 2.9445%. Mixed fly trade: 2s3s4s and 2s5s7s receiver flys, 2s3s5s and
2s5s10s payer flys.

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