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

US SWAPS
US SWAPS: Spds running mostly wider, spd curve flatter w/short end leading move
all day -- since 3M LIBOR set +0.0194 to 2.4690% (+0.0326/wk) and FRA/OIS surged
(+4.80 at 36.10). Decent but sporadic rate paying, receiver unwinds on net after
early two-way, spd curve steepener unwinds. Hard Brexit warning signal? Also
note, BTP/Bund rate spds wider cross curve on budget concerns, sovereign spds
wider. Latest spd levels:
* 2Y +2.75/22.38
* 5Y +2.00/15.25
* 10Y +0.88/6.94
* 30Y -0.31/-8.31

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