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Spds running wider after the bell,.........>

US SWAPS: Spds running wider after the bell, paring move slightly as Tsy ylds
recede late. Limited swap-flow, some mild rate paying in belly ahead month end,
light deal-tied flow. Spd update:
Time (ET)   2Y Swap/Mid    5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid
Thu 1500    +0.62/5.00     +0.31/+0.25    +0.62/-4.00   +0.88/-26.62
1:45        +0.88/5.25     +0.44/+0.38    +0.88/-3.75   +1.19/-26.31
1200        +0.69/5.06     +0.31/+0.25    +0.75/-3.88   +1.12/-26.38
1045        +0.75/5.12     +0.06/+0.00    +0.44/-4.19   +0.88/-26.62
0900        +0.38/4.75     +0.00/-0.06    +0.38/-4.25   +0.81/-26.69
Thu Open    +0.62/5.00     +0.00/-0.06    +0.25/-4.38   +0.56/-26.94
Wed 1500    +0.94/4.00     +0.25/-0.25    -0.25/-5.12   +0.06/-27.88
Wednesday recap: Spds mostly wider by the bell, short end off highs though spd
curve still flatter w/ steepeners scaling back after 2Y spd hit all-time narrows
late last week. Light deal-tied flow, issuers hit sidelines amid ongoing
US/China risk-off angst. Limited flow included rate paying 2s and 5s, 5s8s9s
receiver fly.

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