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A big day lies ahead, with Q1 GDP...>

US TSYS SUMMARY
US TSYS SUMMARY: A big day lies ahead, with Q1 GDP data to chew over (though
it's like looking in the rear-view mirror), and the FOMC decision at 1400ET.
- In the meantime, Tsys have headed higher in the European morning after slight
weakness in the Asia-Pac session. Some eyeing month-end rotation into bonds for
helping boost Tsys, with European core govvies also benefiting.
- The 2-Yr yield is down 1.6bps at 0.1955%, 5-Yr is down 2.7bps at 0.3482%,
10-Yr is down 2.5bps at 0.5875%, and 30-Yr is down 3bps at 1.1744%.
- Jun 10-Yr futures (TY) near highs, up 5.5/32 at 139-06 (L: 138-30 / H: 139-07)
- Q1 adv GDP at 0830ET, -4.0 Q/Q SAAR expected though range from flat to -1.0%. 
- Weekly mortgage Apps at 0700ET and Mar pending home sales at 1000ET too.
- And on FOMC: substantive policy action is unlikely but plenty of interest on
unconventional facilities/Fed's outlook on the economy. Let us know if you
haven't seen MNI's full preview. Powell presser at 1430ET.
- Just $7bln in NY Fed buys today, in 4.5Y-7Y segment (results 1030ET).
- In supply, total of $80bln in bill sales today; no Tsy auctions.
MarketsFixed Income Bullets
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