February 28th, 2014 1:15 pm | by John Jansen |

Dealers report receivers in 3 years and forward starting 2 years. Hedge funds have been entering forward starting steepeners in 5s 30s and 10s 30s. One dealers attributes the 1.25 basis point widening of 30 year spread to these trades. Front end spreads are bid as active traders expect geoplitical events to motivate some spread widening.

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