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Post FOMC Gains Pared

US TSYS
  • Tsys have pared initial gains, leaving only a modest rally post-announcement.
  • Yields sit 3.5-5bp lower on the day, 2s hovering back at 5% having touched as low as 4.97% for a brief return to pre-ECI levels. They were 5.02% pre-decision after peaking at 5.043% yesterday.
  • TYM4 is back to 107-24+, roughly +03 post-announcement for +10 on the day. It topped out at 107-29+ to remain within yesterday’s range.
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  • Tsys have pared initial gains, leaving only a modest rally post-announcement.
  • Yields sit 3.5-5bp lower on the day, 2s hovering back at 5% having touched as low as 4.97% for a brief return to pre-ECI levels. They were 5.02% pre-decision after peaking at 5.043% yesterday.
  • TYM4 is back to 107-24+, roughly +03 post-announcement for +10 on the day. It topped out at 107-29+ to remain within yesterday’s range.