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Spds still running tighter but off.........>

US SWAPS
US SWAPS: Spds still running tighter but off session lows following flurry of
paying in short end last hour. Flow includes: $500M payer 1Y at 2.5425%, $160M
payer 2Y at 2.747%, $240mln+ payer 5Y at 2.946%, 97.2k DV01 2Y-5Y FLATTENER.
Latest spd levels:
* 2Y  -0.81/27.75
* 5Y  -0.62/11.12
* 10Y -0.56/2.94
* 30Y -0.31/-12.56

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