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

US SWAPS
US SWAPS: Spds running steady/mixed spd curve mildly steeper amid modest two-way
flow in sub-5Y, bank receiving in 5s and paying in the belly, 2-5Y flattener and
small receiver in 10y. Flow over last hour includes:
* $130mln payer of USD 2Y at 1.7702%
* $110mln receiver of USD 5Y at 2.0423%
* $100mln receiver of USD 10Y at 2.32286%. 
Latest spread levels:
* 2Y -0.44/26.75
* 5Y -0.50/7.56
* 10Y +0.00/-4.50
* 30Y +0.06/-32.44
Thursday recap: Spds hold narrow range all session, mostly tighter with short
end mildly wider. Decent but sporadic flow on day w/near $1B 2yr payer in second
half, light two-way in intermediates earlier w/$350M receiver 5y at 2.02768%.
Little deal-tied flow w/accts sidelined ahead Fri's Sep employ data (+70k est).
OTC and exchange traded vol weaker, lighter volume on mixed flow.

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