Spreads running mostly steady with.........>

US SWAPS: Spreads running mostly steady with exception of the short-end which is

slightly tighter, while long-end is modestly wider, some 3Y and 10Y swaps payers

seen earlier. Latest spread levels:

* 2Y -0.55/26.10

* 5Y unch/7.00

* 10Y unch/-5.13

* 30Y +0.125/-33.813

Friday recap: Spd curve holds steeper profile, late long end widening making up

for short end paring first half move tighter. Sources reported two-way gamma

hedging in the short end, insurance acct rate receiving in belly to long end

early following by deal-tied paying ahead expected supply next week. OTC vol

went out mixed, gamma slightly bid on the choppy action in rates, longer vega

lower