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Spds running wider, spd curve flatter......>

US SWAPS
US SWAPS: Spds running wider, spd curve flatter w/short end seeing broadest
moves following better rate paying in 2s at 2.7695% earlier and 2s5s flatteners;
steepeners in short intermediates: 5s7s and 7s8s. Latest spd levels:
* 2Y  +1.38/27.00
* 5Y  +0.25/15.50
* 10Y +0.50/7.88
* 30Y +0.62/-5.25
Wednesday recap: Spds currently mildly wider for the most part, short end wider
(quoted over new issue), 10Y lagging move. Sporadic flow includes 2-way in short
end, decent rate paying in 4s around 2.855-.865%, 2-way 2s5s spd curve flow and
3s4s flatteners. 

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