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

US SWAPS: Spds running tighter across the curve, spd curve inching flatter late

w/short end off narrows on late deal-tied hedging, rate receiver unwinds,

two-way in intermediates to long end sees light payer unwinds. Latest spd levels

Time(ET)   2Y Swap/Mid   5Y Swap/Mid    10Y Swap/Mid   30Y Swap/Mid

Wed 1500  -0.88/+19.75   -1.25/+9.50    -1.75/+5.25    -1.38/-38.69

1345      -1.25/+19.38   -1.25/+9.50    -1.62/+5.38    -1.19/-38.50

1200      -1.00/+19.62   -1.00/+9.75    -1.25/+5.75    -1.19/-38.50

1000      +0.00/+20.62   +0.00/+10.75   -0.50/+6.50    -1.19/-38.50

Wed Open  +0.50/+21.12   +0.25/+11.00   +0.75/+6.75    -1.19/-38.50

Wed 0715  +0.00/+20.62   +0.38/+11.12   -0.25/+6.75    +0.56/-36.75

Tue 1500  -1.38/+20.50   -0.75/+11.00   +0.50/+7.00    +1.25/-37.00

Tuesday recap: Spds running mixed after the bell, spd curve reversing the week

opener flattening amid modest two-way deal-tied flow in shorts to intermediates,

prop rate paying long end.