Treasuries have steadied after......>

US TSYS SUMMARY: Treasuries have steadied after Wednesday`s late slide, and

ahead of the FOMC decision later today.

- The 10-Yr T-Note future is off 4.5/32 at 117-27, still trading within a tight

range (117-25 low, 117-30 high).

- Cash curve is bull flattening, with short-end relatively unchanged. The 2-Yr

yield is down 0.4bps at 2.9527%, 5-Yr is down 0.2bps at 3.0779%, 10-Yr is down

1.1bps at 3.2244%, and 30-Yr is down 1.3bps at 3.4286%.

- This comes against a backdrop of weaker equity futures (S&P Emini off 0.5%)

and stronger dollar (DXY up 0.3%). 

- Eurodollar futures a touch weaker, down 1.0-1.5 ticks across the strip.

- Our preview of today's FOMC decision (no change expected, but dovish risks

from the statement) is available herein PDF: https://tinyurl.com/MNI-FED-NOV18

- Initial jobless claims up at 0830ET (214k prior, 213k est.)

- Our Asia desk noted earlier that latest Japanese BoP data showed Japanese

investors bought the largest monthly amount of US sov bonds in 2 yrs in Sep.