US SWAPS-2Y spread widest in 5 weeks on Libor concerns

NEW YORK (Reuters) - The spread on two-year U.S. interest rate swaps ballooned on Wednesday to their widest level in about five weeks on concerns about the daily settings on interbank lending rates in London.

Two-year swap spread, which grows with risk aversion, widened to 100.25 basis points, the widest since March 10, from 91.50 basis points late Tuesday.

(Reporting by Richard Leong; Editing by Theodore d'Afflisio)