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Spds running mostly wider, spd curve.......>

US SWAPS
US SWAPS: Spds running mostly wider, spd curve flatter amid very light swap-tied
flow overnight, small $47.1k DV01 3s5s flattener. O/N repo specials adding to
widening w/3s, 5s and old 5s and 10s all trading tight. Latest spread levels:
* 2Y  +0.69/18.62
* 5Y  +0.44/3.75
* 10Y +0.12/-1.19
* 30Y -0.25/-20.50
Thursday recap: Spds hold mildly wider after the bell amid light but varied flow
through the session: 300M 5y receiver at 2.25967%; $61.5k DV01 2Y6Y flattener;
5Y switch around 2.26967-2.26812%; $91.7k DV01 3s4s steepener; $240M 5Y payer,
2.270%. OTC vols lower across the surface.

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