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Spds running tighter, off wider............>

US SWAPS
US SWAPS: Spds running tighter, off wider indications from the open with near
$1B scale receiver in 2s (2.7410-2.7425%), $200M payer 3Y at 2.8493%, two-way
2Y-3Y-5Y Fly, paying the belly. Latest spd levels:
* 2Y  -0.88/26.06
* 5Y  -0.31/11.19
* 10Y -0.44/2.81
* 30Y -0.25/-12.50
Wednesday recap: Spds at/near session wides by the close, short end outpacing,
move partially supported by drop in swappable issuance today. LAte day flow
evaporated after decent midday flow includes near $1B scale receiver in 5s
fading move wider, $500M receiver in 1Y at 2.55774% and some mixed flys: $292.2k
2Y-7Y-10Y Fly (receiving belly), $186.2k 4Y-5Y-6Y Fly (paying belly) and $292.2k
2Y-4Y-10Y Fly (paying belly). 

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