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Spds steady/mixed, short end surging.......>

US SWAPS
US SWAPS: Spds steady/mixed, short end surging directionally wider with Tsy
ylds, decent payer/receiver unwinds in 2s-5s, long end moving off tighter levels
amid deal-tied selling ahead next week supply. Current levels:
Time (ET)   2Y Swap/Mid    5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid
0900        +1.50/+8.62    +0.88/+1.50   +0.00/-4.25    -0.62/-31.38
Fri Open    +1.00/+8.12    +0.50/+1.12   -0.25/-4.50    -0.88/-31.62
Fri 0715    +0.75/+7.88    +0.38/+1.00   -0.50/-4.75    -1.00/-31.75
Thu 1500    -0.31/+7.12    -0.44/+0.69   -0.44/-4.25    -0.62/-30.88
Thu Open    -0.69/+6.75    -0.31/+0.81   -0.50/-4.31    -0.75/-31.00
Thursday recap: Spds holding modestly tighter across the board, off lows/narrow
range amid better receiving in 2s-3s last few hours, 2-way in 5s, payer in 7s
and 10s, 3s4s5s receiver fly, deal-tied hedging lighter but also in the mix.

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