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Spds running modestly tighter by the.......>

US SWAPS
US SWAPS: Spds running modestly tighter by the bell, at/near low end narrow
range. Light deal-tied hedging on day added to flow along w/two-way in 2s-5s,
late rate payer in 2s at 2.8485%, and 2s3s5s fly/receiving belly. Latest spd
levels:
* 2Y  -0.69/19.25
* 5Y  -0.62/13.00
* 10Y -0.31/5.25
* 30Y -0.12/-7.00

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