On the subject of 2010 & the markets & also from today's papers;
“Swaps spread” is essentially a measure of the cost of borrowing funds in the Libor market (for a private companies, such as banks), minus the cost of raising government debt.

Government debt is at sovereign borrowing rates which should be lower than the cost for private borrowers since triple A-rated central government is supposed to the safest thing about.
However, last week the US benchmark 10-year swap spread turned negative, as 10-year US Treasury yields spiralled up towards 4 per cent.

Gulp - hope this is a temporary glitch.
If not, seems like a good time to borrow money to buy Treasuries & live off the yield difference.