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Spds running steady/mixed, spd curve.......>

US SWAPS
US SWAPS: Spds running steady/mixed, spd curve little flatter, light prop acct
rate paying in short end, expectations for more swappable corp supply next week.
Latest spread levels:
* 2Y +0.25/25.79
* 5Y +0.00/8.00
* 10Y -0.44/-4.00
* 30Y -0.69/-32.75
Thursday recap: Spds running steady to mildly tighter by the close, long and
short end leading compression. Rather quiet day for swaps, modest issuance
weighing, two-way deal-tied flow, while some spec-acct risk-off payer unwinds
noted despite carry-over strength in rates and safe-haven assets. OTC vol going
out mildly bid in the short to intermediates, longer vega steady, receivers bid
over again. 

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