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

US SWAPS
US SWAPS: Spds running wider, spd curve flatter at moment; flow includes fast$
receivers in 5s earlier, paying in 2s and 5s during London hours. Supply-tied
paying and repo specials adding to widening this morning. Latest spread levels:
* 2Y  +0.94/20.94
* 5Y  +0.44/6.69
* 10Y +0.19/+1.31
* 30Y +0.56/-19.75
Friday recap: Spds running mostly wider after the bell, intermediates off early
narrows with some moderate rate paying in 10s. Spd curve remains flatter after
better paying in 2s and 5s. Implied vols sagging as limited real vol evaporates,
decent put volume on two-way flow,focus on 1H'18 downside/rate-hike insurance.
Some unwinds, profit taking ahead next week's FOMC, rate hike expected.

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