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Post-FOMC chop saw futures make new....>

US TSY/RECAP
US TSY/RECAP: Post-FOMC chop saw futures make new highs then session lows as
market digested the Fed's updated dot plot, then Powell's press conference put a
bid back into the space.
- Short end Eurodollar futures reversed losses and then pulled higher as Powell
noted that there is no sense that we are "on the cusp of an acceleration in
inflation."
- Focus is on the steeper dot plot as 2019 & 2020 medians moved higher, with
interest in the EDZ9Z0 spread over the last couple of sessions apparent.
- T-Notes last 120-04+, US 10-Year Yield last 2.883%.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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