Treasuries have edged higher........>

US TSYS SUMMARY: Treasuries have edged higher early Thursday, recovering

slightly from lows following what was seen as a marginally hawkish FOMC outcome.

- Some bullish flattening in the curve, though slightly off lows (contrast w

Wednesday's bear flattening).

- The 2-Yr yield is down 0.4bps at 1.7583%, 5-Yr is down 1bps at 1.6664%, 10-Yr

is down 1bps at 1.7857%, and 30-Yr is down 1.1bps at 2.2313%.

- Dec 10-Yr futures (TY) down 0.5/32 at 129-12 (L: 129-03.5 / H: 129-17.5).

- We`re compiling our FOMC review document, should be out shortly.

- Post-FOMC sell-side opinions were mixed on Fed hawkishness/dovishness, but

almost all believed the FOMC remained open to at least one further rate cut,

with further cuts forecast depending on banks` economic outlooks.

- Reminder, the NY Fed will conduct overnight repo ops again today.

- Weekly jobless claims and existing home sales on the docket.