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Breather Ahead FOMC

US TSYS

Markets collectively taking a breather with FOMC policy annc one hour and 15 minutes away. Light two-way positioning has Tsy futures weaker/off lows to near middle session range, volumes remain light (TYH2 leads w/692k). Stocks weaker, off lows, US$ holding modest gains/narrow range. Market Snapshot:

  • DJIA down 6.93 points (-0.02%) at 35537.35
  • S&P E-Mini Future down 14.25 points (-0.31%) at 4614
  • Nasdaq down 141.4 points (-0.9%) at 15095.62
  • US 10-Yr yield is up 0.2 bps at 1.4428%
  • US Mar 10Y are down 0.5/32 at 130-20
  • EURUSD up 0.0004 (0.04%) at 1.1263
  • USDJPY up 0.18 (0.16%) at 113.88
  • WTI Crude Oil (front-month) down $0.25 (-0.35%) at $70.48
  • Gold is down $4.18 (-0.24%) at $1766.61

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