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Spds running mostly tighter, well off......>

US SWAPS
US SWAPS: Spds running mostly tighter, well off early narrows by the close, spd
curve steepening out later in second half even as Tsys pared gains as US Gov
shutdown looks to be headed for a short term resolution, House to vote tonight.
Light mixed flow on net, less deal-tied hedging compared to last week. Front end
flatteners and two-way fly action in the intermediates. Early, bit of a reversal
after long end gapped wider, sources reported  rate and spd receiving in 10s,
prop receiver/payer unwind 30s. OTC vols receded as rates held to lower/narrow
range after making first half attempt to rally. Heavy low delta put buy volume
on day. Latest spread levels:
* 2Y  +0.38/20.44
* 5Y  -0.25/7.50
* 10Y -0.94/+5.62
* 30Y -0.75/-11.44

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