Across the Curve

Swaps

Swap spreads opening mixed this morning. The 2 year swap spread is unchanged at 35 1/2. Five year spreads are a basis point tighter at 37 1/2. Ten year spreads are a basis point narrower at 37 1/2. Ten year spreads are one basis point narrower at 19. Thirty year spreads are a basis point narrower at the ever ludicrous NEGATIVE 14.