Spds running wider, off wides by the.......>

US SWAPS: Spds running wider, off wides by the bell with short end resisting

move. Deal-tied paying driver, some some risk-off position squaring adding to

move. Current levels:

Time (ET)   2Y Swap/Mid    5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid

Tue 1500    +1.38/+6.38    +0.56/-0.19   +0.44/-5.25    +0.25/-31.75

1200        +1.38/+6.38    +0.62/-0.12   +1.00/-4.69    +0.75/-31.25

1000        +1.75/+6.75    +0.81/+0.06   +0.81/-4.88    +1.00/-31.00

Tue Open    +1.75/+6.75    +0.75/+0.00   +0.75/-4.94    +0.94/-31.06

Mon 1500    -1.25/+4.50    -1.25/-0.75   -0.69/-5.75    -1.12/-32.38

Mon Open    -0.75/+5.00    -1.00/-0.50   -1.19/-6.25    -1.25/-32.50

Monday recap: Spds running tighter by the bell, directional w/ Tsy ylds, spds

are at/near lows w/2s-5s extending move late. moderate flow includes spec acct

payer unwinds in 2s-5s in second half, limited deal-related flow as issuers ply

the sidelines on risk-off move in rates.