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Spds well off lows after the bell, all.....>

US SWAPS
US SWAPS: Spds well off lows after the bell, all except the 30Y. Earlier --
front end still off late Feb lows around 8.5 (3-year lows) while 30Yr spd
extends inversion -- dragging 10Y tighter/inverting as well for first time since
early 2018. Incoming supply is not a factor today (but has been heavy last 6-8
weeks. First half flow includes decent rate paying in 2s, near $1B from
2.560-2.5589%, receivers in 3s at 2.48994%, moderate receivers in 10s around
2.5785-2.5935%; mixed flys: 2s3s4s and 3s5s10s payer flys, 3s4s5s receiver fly.
Latest spd levels:
Time (ET)   2Y Swap/Mid   5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid
Wed 3:00    +0.31/10.62   +0.94/6.50     +0.00/0.69    -1.25/-24.50
12:00       -0.12/10.19   -0.62/4.94     -0.69/0.00    -0.94/-24.19
10:45       -0.31/10.00   -0.50/5.06     -0.69/0.00    -0.81/-24.06
Wed Open    -0.06/10.25   -0.19/5.38     -0.31/0.38    -0.25/-23.50
Tue 3:00    -1.00/10.44   -0.75/5.62     -0.75/0.69    -1.19/-23.31

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