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Spds running mixed by the bell, wings......>

US SWAPS
US SWAPS: Spds running mixed by the bell, wings mildly wider vs. tighter
intermediates. Short end well off early levels, spd curve rebounding from
flatter levels. Relatively quiet, mixed flows on day w/5Y switch around
2.1975-2.1825%, $240M payer 3s at 2.07%, two-way curve flows w/2s10s flattener,
steepeners via 5s vs. 7s and 10s. Specs looking at steepeners and wideners in
the intermediates. OTC vol firmer but off earlier highs as Tsys rebound off
lows. Latest spread levels:
* 2Y  +0.12/18.12
* 5Y  -0.31/5.88
* 10Y -0.38/-1.12
* 30Y +0.06/-23.44

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