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Spds running mostly tighter by the bell,...>

US SWAPS
US SWAPS: Spds running mostly tighter by the bell, 5yr holding mildly wider on
light 2-way flow. Late morning flow includes steepeners in 2s vs. 3s and 5s,
flurry of flys include 2s3s10s, 2s4s10s and 5s7s10s, all receiving the belly. No
deal-tied flow amid dearth of swappable issuance heading into weekend. Expect to
see pick-up in latter next week as banks exit latest earnings season. Latest spd
levels:
* 2Y  -0.25/22.75
* 5Y  +0.12/14.12
* 10Y -0.19/6.75
* 30Y -0.62/-3.75

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