Mid Afternoon Update - 11/25/08
C. Johnson - Chicago
Swaps wider going into the 3PM NY close for bonds, here's a rundown of the swap curve:
2Y: 97.7 -5.4
5Y: 88.7 -10.8
10Y: 14.8 -7.9
30Y: -45.2 -10.9
2Y well off the lows seen around 90 earlier this morning, 30Y retreating "tighter" after being "wider" around -40 bps this morning.
2/30 bond spread trading at 247.2 bps headed into the close.
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