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Treasuries are trading steady.......>

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries are trading steady Wednesday ahead of the Federal
Reserve decision.
- Mar 19 T-Note futures have traded in a fairly narrow range of 120-285 to
121-025, last up 2/32 at 120-295.
- Fairly limited movement along the cash curve. 2-Yr yield is up 0.4bps at
2.6479%, 5-Yr is down 0bps at 2.6459%, 10-Yr is down 0.4bps at 2.8138%, and
30-Yr is up 0.2bps at 3.0693%.
- For those who missed it Tuesday, we have published our FOMC preview here:
http://marketnews-m.objects.xtenit.com/MNIFedDec2018.pdf
- Upshot is that the market/sell-side are looking for a `dovish hike`, though
that appears to be fairly broadly defined.
- Against that backdrop, the Eurodollar futures strip remains flat-to-inverted,
with the EDH9-EDZ0 spread at -0.06, a new low.
- US existing home sales data is due out at 1000ET (5.22m prior, 5.17m est).

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