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Spds running mixed 2s and 10s mildly.......>

US SWAPS
US SWAPS: Spds running mixed 2s and 10s mildly bid, 2s outperforming. Light flow
with some deal-tied hedging. Latest spread levels:
* 2Y  +0.38/23.62
* 5Y  -0.38/7.25
* 10Y +0.00/-2.75
* 30Y -0.12/-30.00
Monday recap: Spds running mixed by the closing bell, spd curve mildly steeper
all session. Spds chopped around narrow range w/long end holding near session
wides late. Mixed flow w/receivers in 10s and 12s earlier followed by decent
paying in 5s and 10s as intermediates moved off early narrows. Small micro
steepener in 10s12s. OTC vol mildly higher in 1-3M10Y, longer vega softer.
Pick-up in put selling (closers) and upside call plays in exchange traded
options. 

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