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*** Swap spds still inverted across the....>

US SWAPS
US SWAPS: *** Swap spds still inverted across the curve but bouncing as rates
recover from midday selling (rumored fund blowout/position unwinds that included
swaps). Don't see why this would not be an opportunity with those that can take
the risk to put on spd wideners ahead rebound if forced unwinds complete.
Current spd levels:
Time(ET)   2Y Swap/Mid    5Y Swap/Mid   10Y Swap/Mid   30Y Swap/Mid
1330       -5.44/-2.50    -5.56/-1.31   -4.25/-1.50    -5.00/-48.00
1230       -4.88/-1.94    -6.12/-1.88   -4.88/-2.12    -6.12/-49.12
1100       -3.06/-0.12    -1.19/+3.06   -1.00/+1.75    -3.25/-46.25
1000       +0.38/+3.31    +1.19/+5.44   +0.00/+2.75    -2.12/-45.12
0900       +0.81/+3.75    +1.06/+5.38   -0.25/+2.50    -1.88/-44.88
Wed Open   +0.12/+3.06    +0.88/+5.12   -0.25/+2.50    -1.12/-44.12
Tue 1500   -3.75/+5.00    -2.44/+5.81   -4.00/+4.00    -6.00/-40.50

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