Surge wider in swap spds, wings seeing.....>

US SWAPS: Surge wider in swap spds, wings seeing highest vol on heels of latest

Reuters headline on NY Fed: "WILL OFFER $1 TRILLION IN DAILY REPO OPERATIONS FOR

REST OF THE MONTH". Spd curve broadly flatter from week ago levels. Latest spd

levels

Time(ET)   2Y Swap/Mid    5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid

1315      +5.25/+20.94    +4.75/+8.25   +1.50/-12.00   +5.75/-69.00

1200      +3.69/+17.31    +3.75/+6.50   +1.00/-13.00   +5.50/-70.50

1015      +0.75/+15.88    +2.25/+5.75   +0.75/-12.75   +2.25/-72.25

Fri Open  +1.31/+16.50    +3.75/+6.56   +1.88/-11.62   +5.00/-68.62

Fri 0715  +1.31/+17.00    +3.75/+7.75   +1.88/-11.50   +5.00/-69.75