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

US SWAPS
US SWAPS: Spds running wider, spd curve steeper with long end leading move wider
by late morning. Late short end receiver ($240M 3Y at 1.9125%) after earlier
paying in 2s, 3s and 10s. Mild deal-tied flow and flattener unwinds in the mix.
OTC vol weaker across the surface, heavy exchange traded put volume, better
buying front and 1Y midcurve Dec expirys. Latest spread levels:
* 2Y  +0.19/25.56
* 5Y  +0.06/8.56
* 10Y +0.75/-2.06
* 30Y +1.19/-29.75

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