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Spds running wider by the bell,top end.....>

US SWAPS
US SWAPS: Spds running wider by the bell,top end of range after starting session
steady/mixed. Spds widened into post 30Y R/O Tsy rally, sporadic rate paying in
5s-30s from props and real$. Earlier two-way in 2s5s curve trade, 3s5s steepener
and 5s switch recently, macro fund receiver in 30s. Incoming supply and 30Y R/O
helped keep lid on spds. OTC and exchange traded option vol continued to drift
lower on bounce to older ranges in rates. Latest spread levels:
* 2Y  +0.06/19.88
* 5Y  +0.38/4.56
* 10Y +0.94/-0.88
* 30Y +0.56/-20.62

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