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

US SWAPS
US SWAPS: Spds running mostly wider, spd curve flatter/narrow range, light
volume, 3Y switches, 4Y payer 2.8879%, 3s4s5s fly, receiving belly. Latest spd
levels:
* 2Y  +0.88/25.75
* 5Y  +0.25/11.12
* 10Y +0.12/3.25
* 30Y -0.06/-11.06
Friday recap: Spds running steady/mixed by the close, holding range after spd
curve steepened early with wings on respective lows/highs. Earlier post data
flow includes $500m payer in 1s at 2.5371%, modest paying in 2s at 2.748%,
two-way receiving/paying in 5s on modest volume, mixed curve flows $92.7k DV01
2Y-5Y STEEPENER and $100.7k DV01 5Y-7Y FLATTENER. Volume evaporated in second
half, light 2-way squaring into weekend. 

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