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Spds running tighter after a mixed open,...>

US SWAPS
US SWAPS: Spds running tighter after a mixed open, long end leading move with
front end narrowing late morning amid light two-way in front end, deal-tied
hedging still absent but expected to ramp up on increased supply est for week
($35-40B). Latest spd levels:
Time (ET)   2Y Swap/Mid   5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid
Mon 3:00    -0.44/10.62   -0.31/4.56     -0.50/-1.88   -1.31/-24.69
1:45        -0.31/10.75   -0.38/4.50     -0.62/-2.00   -1.31/-24.69
11:00       -0.38/10.69   -0.19/4.69     -0.38/-1.75   -1.12/-24.50
9:30        +0.31/11.38   +0.19/5.06     -0.12/-1.50   -0.75/-24.12
Mon Open    +0.44/11.50   +0.50/5.38     +0.19/-1.19   -0.38/-23.88
Fri 3:00    -0.12/10.88   +0.06/4.75     -0.38/-1.44   -1.38/-23.69
Friday recap: Continued spd curve flattening shifts to long end lead, limited
late week flow.

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