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Spds running wider, modest rebound from....>

US SWAPS
US SWAPS: Spds running wider, modest rebound from Tue's narrowing. Flow included
rate paying in 5s at 2.64138%, bank receiving in intermediates. Latest spread
levels:
* 2Y  +0.69/26.00
* 5Y  +0.12/9.38
* 10Y +0.25/0.94
* 30Y +0.25/-17.62
Tuesday recap: Spds running tighter across the curve by the close, front end in
the lead for much of the session. Moderate two-way curve action on the day,
flattener in 5s30s and some switch activity in 10s. Deal-tied flow in the
intermediates. Coming into the session, sources reported 2s vs. 3s flatteners,
light deal-tied hedging.

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