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Spds running mostly tighter by midday,.....>

US SWAPS
US SWAPS: Spds running mostly tighter by midday, long end resisting move amid
better sellers in intermediates after equity opened higher/moving higher. Decent
flow w/better rate receiving in short end, mild paying in 2s, 3s and 10s,
switches in 5s around 3.184-3.166%, 2s5s10s payer fly. Limited deal-tied flow
w/issuers sidelined ahead Midterm elections. Latest spd levels:
* 2Y -0.38/18.75
* 5Y -0.62/13.56
* 10Y -0.44/5.69
* 30Y +0.12/-10.88
Monday recap: Spds mixed by the bell, spd curve steeper with short end marching
tighter in second half, long end pulling 10s off early narrows. Decent flow
includes steady rate and spd receiving in 2s around 3.1%, steepeners in 2s vs.
3s and 10s, 3s5s6s payer fly and paying in 10s at 3.25%. 

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