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Spds running mixed spd curve flatter,......>

US SWAPS
US SWAPS: Spds running mixed spd curve flatter, sources reported prop acct rate
receiving in the intermediates, recent receiving in 6Y at 2.17%. Latest spread
levels:
* 2Y  -0.03/23.88
* 5Y  -0.12/7.62
* 10Y +0.06/-2.31
* 30Y +0.38/-30.00
Friday recap: Spds cinched tighter amid decent two-way flow, spd curve
flattening further in late trade. Earlier flow included receivers in front end,
payers in intermediates, two-way curve and fly flow on light size. Convexity
related paying in intermediates keeping spd narrowing tethered there. OTC vol
mostly firmer, gamma outpacing heading into the weekend, 1M10Y bid late.

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