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Spds running wider, off first half highs...>

US SWAPS
US SWAPS: Spds running wider, off first half highs w/spd curve flatter after
steepening Wed w/long end gapping wider on hopes of bank de-regulation making
rounds again. Deal-tied paying helped directional widening w/higher Tsys ylds on
day, late unwinds in belly helped temper move. Late flow includes payers in 3s
and 5s, 5s10s spd curve steepeners. Earlier flow included bank portfolio paying
in 5s and receiving in intermediates, macros fund receiving out the curve.
Latest spread levels:
* 2Y  +0.62/19.44
* 5Y  +0.63/8.25
* 10Y +0.38/3.25
* 30Y +0.25/-12.00

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