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Treasuries have traded in a tight...>

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries have traded in a tight range on light volume early
Wednesday, with the FOMC clearly the focus, but some data worth watching too.
- Sep 10-Yr futures (TY) up 3.5/32 at 127-14.5 (L: 127-11 / H: 127-15)
- The 2-Yr yield is down 1.8bps at 1.828%, 5-Yr is down 1.6bps at 1.8256%, 10-Yr
is down 1.2bps at 2.0457%, and 30-Yr is down 1.2bps at 2.5681%.
- Last call for our Fed preview (see link below) - we'll have a few notes later
today and will be live-reporting the statement/Powell presser.
- https://emedia.marketnews.com/FEDJul2019PREVIEW.pdf
- A few US-China trade headlines of note, mostly upbeat: Xinhua reporting
'candid, efficient talks' including potential increase in Chinese purchases of
US agri; next round of talks to be held in U.S. in September. 
- Treasury quarterly refunding announcement at 0830ET.
- Data includes Jul ADP employment (0815ET), Q2 ECI (0830ET), and MNI Chicago
PMI (0945ET: 51.0 surv, 49.7 prior) the last piece of data before the FOMC.

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