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Spds running steady to mildly wider in.....>

US SWAPS
US SWAPS: Spds running steady to mildly wider in the intermediates. Recent flow
includes 4s5s flattener ($89.7k DV01), and $177.8k 4s5s10s fly -- receiving 5s.
Latest spread levels:
* 2Y  +0.00/19.31
* 5Y  +0.31/6.50
* 10Y +0.25/+1.31
* 30Y +0.00/-19.75
Monday recap: Spd curve reversed early flattening to steeper from midday on.
Modest spd flow with modest two-way corporate deal and Tsy supply
hedges/unwinds. Modest receiving in 2s and 3s after decent $300M rate payer in
5s from 2.0625-2.2075, $178k 2Y-7Y-10Y Fly, paying the belly. OTC vol steady to
mixed -- 1M10Y vol w/mild bid still after early Monday NY subway explosion. 

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