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Spds running mostly wider after the NY.....>

US SWAPS: Spds running mostly wider after the NY open, narrow range. Decent but
mixed flow helping keep spds in range, $600M receiver 1s at 2.765-2.7394%, 2-way
in 2s around 2.6797-2.6795%, same in 3s around 2.6157-2.6145%, modest payer 5s
at 2.5985%, 2s3s5s payer fly. Latest spd levels:
Time (ET)   2Y Swap/Mid   5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid
Mon Open    +0.38/15.75   +0.31/8.88     +0.19/2.44    -0.38/-19.50
Mon 7:30    +0.62/16.00   +0.25/8.81     +0.19/2.46    -0.25/-19.38
Fri 2:45    +1.25/15.75   +0.50/8.50     +0.12/2.25    +0.00/-18.62
Friday recap: Recent Eurodollar Blocks..3K Red packs, 10k Red Jun20 1y bundles
are likely sales -- and swap related as 2Y swap spd has hit session wides last
20 minutes. No Tsy auctions next week...but corp issuance should ramp up on
heels of multiple financial shares issuing earning (Q4) next week. 

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