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Swap rates have eased, as Chinese equity...>

US SWAPS
US SWAPS: Swap rates have eased, as Chinese equity markets moved sharply lower,
reversing the early modest gains that were seen in swap rates. Large reported
flow has been focused in the shorter end of the curve.
- Latest spd levels:
* 2Y -0.05/20.82
* 5Y -0.09/15.00
* 10Y +0.08/6.25
* 30Y +0.18/-11.00
- Trades of note included:
- At 00:26GMT there appeared to be a USD56mln receiver of USD 25Y at 3.22125%
- At 01:43GMT there appeared to be a USD80mln payer of USD 2Y at 3.0175%
- At 01:42GMT there appeared to be a USD75mln payer of USD 5Y at 3.06896%
- At 01:40GMT there appeared to be a USD78mln receiver of USD 2Y at 3.01724%
- At 05:53GMT there appeared to be a USD50mln payer of USD 5Y at 3.05711%
- At 05:47GMT there appeared to be a USD50mln receiver of USD 5Y at 3.0575%
- At 06:08GMT there appeared to be a USD50mln payer of USD 5Y at 3.05542%
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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