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Minimal FI Reaction FOMC Announcement

US TSYS
  • Tsys see only a modest paring of losses on the FOMC announcement, with 2s initially rallying 3bps but retracing some of the rally for only -2bps post release and still +1bp on the day.
  • Minimal steepening with 2s10s to -100bps from -101bp priors.
  • TYU3 nudges a few ticks higher to 111-27, easily within session ranges.

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