Treasuries remain on the front......>

US TSYS SUMMARY: Treasuries remain on the front foot with a push higher in the

European morning, as equities took a sudden lurch lower around 0445ET on no

headline in particular.

- Curve is off flattest levels but long end still outperforming: The 2-Yr yield

is down 0.8bps at 0.1946%, 5-Yr is down 2.1bps at 0.3802%, 10-Yr is down 3bps at

0.7956%, and 30-Yr is down 3.1bps at 1.545%.

- Sep 10-Yr futures (TY) up 8.5/32 at 137-31.5 (L: 137-22 / H: 138-01).

- FOMC (1400ET decision/SEP; 1430ET Powell press conference) the main event

though May inflation data (0830ET) also of note.

- It's last call for our FOMC preview; we'll publish a few selected sell-side

synopses from the preview today. Link to PDF:

- https://emedia.marketnews.com/FedPrevJun2020.pdf

- In short: no action expected today by most analysts (most of whom see Yield

Curve Control/Fwd Guidance/Formal QE adopted later this year, the latter the

most probable of the three to come today); Dot Plot/SEP also eyed.

- $75bln in bill sales today; NYFed buying $6.5bln in Tsys.