l flattening of forwards 10/3/13 -6 bp -160 bp -1,630k °OW/ Payer spreads: Sell $600mn 2Y2Y 92Y213 3p irff?25bp TM pliOTM e yers vse.yebre uyar0m t zerennet Cost Vpeolei deiee ffeea renrry tiabl eisafraavtoereapte enifaogr tinraitde iating a The curve bear flattens 1/2/14 +2 bp -10 by -