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Spds running mixed, short end narrowing....>

US SWAPS
US SWAPS: Spds running mixed, short end narrowing over last half hour on decent
receiving in 2s, sources noted receivers in belly overnight, light paying in
long end. Latest spd levels:
Time (ET)   2Y Swap/Mid   5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid
Fri Open    -0.88/12.88   +0.25/5.00     -0.12/2.00    +0.88/-15.81
Fri 7:15    +0.25/14.00   +0.50/5.25     -0.12/2.00    +0.69/-16.00
Thu 3:00    +0.06/13.25   +0.19/4.62     +0.50/2.00    -0.56/-16.06
Thu Open    +0.56/13.75   +0.31/4.75     +0.19/1.69    +0.00/-15.50
Thursday recap: Spds reverse from tighter levels held much of the session, 10Y
on session wides, long end ignores move. Mixed flow on net, decent volume for
quiet session: >$300M 2Y payer at 2.6835%, receiver in 3s at 2.61774%, 2-way in
5s around 2.63731-2.64603%, receiver in 8s at 2.7025, two-way in 9s. First half
flow included receiving in 3s at 2.6615%, two-way in 5s around 2.66831% to
2.65875% w/better paying in 6s-7s. 3s5s6s payer fly. 

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