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T-Notes stuck to a 3 tick range in the......>

US TSYS
US TSYS: T-Notes stuck to a 3 tick range in the Asia-Pacific session, operating
in the upper end of Wednesday's range.
- Cash Tsys are closed until the London open owing to a Japanese market holiday,
and the same will be true tomorrow.
- As a reminder on Wednesday The FOMC stood pat, as expected, noting that
inflation has moved close to 2.0%, which represented an upgrade in its view,
alongside the introduction of the phrase that "inflation is expected to run near
to the Committee's symmetric 2.0% objective over the medium term." On the growth
front the Fed dropped the language that previously noted that "the economic
outlook has strengthened in recent months."
- Asia-Pacific participants paid more attention to the dovish elements of the
statement, with T-notes edging higher as the USD softened.
- Eurodollar futures were subject to low volume outside of a 16.0K lot buyer in
EDM9.
- T-Notes last at 119.16+.
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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