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Spds running tighter across the curve......>

US SWAPS
US SWAPS: Spds running tighter across the curve after the bell -- tightest
levels in 3 years in short end while 10Y back to near inversion again. Move
largely driven by heavy corporate issuance last couple weeks -- near $100B.
Latest Spd levels:
Time (ET)   2Y Swap/Mid   5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid
Thu 3:00    -1.50/9.56    -1.62/5.56     -1.38/0.94    -1.75/-19.88
12:45       -1.25/9.81    -1.38/5.81     -1.25/1.06    -1.38/-19.50
10:30       -1.06/10.00   -1.06/6.12     -1.06/1.25    -1.25/-19.38
Thu Open    -0.12/10.94   -0.19/7.00     -0.25/2.06    +0.00/-18.12
Wed 3:00    -0.69/11.00   -0.50/7.38     +0.00/2.31    +0.12/-18.12

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