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MNI: June FOMC Statement Changes


Likely URLs For FOMC Decision

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US Treasuries prices open NY........>

US TSYS SUMMARY: US Treasuries prices open NY weaker, amid firmer equities
buoyed by speculation that the US Senate might approve the sweeping tax plan. US
VP Pence is sticking around Washington Mon, delays Mideast trip by one day in
case needed to cast a tie-breaking GOP vote in imminent US Senate tax plan vote.
- TOKYO: Treasuries pressured amid firmer Japanese stocks. However two-way flows
occurred in 5Y, 10Y notes, with misc sellers met by Japanese pension fund and
insurance portfolio buying. Mkt quiet into next Monday's Dec. 25th Christmas
holiday, and into year-end too. 
- LONDON: Tsys slid more, tracking EGBs lower. Some more year-end pension
rebalancing/asset allocation flows amid thin markets/light volume. Spec account
buying in 5Y note; 5/30Y Tsy curve 0.50bp flatter on day, 2/10Y, 2/30Y mild
steepening. Traders eyed concession into 11:30am ET T-bill 3mo, 6month auctions.
- OVERNIGHT REPO: Current 2Y Tsy note tight in RP, others quiet. 
- US HIGH-GRADE CORPORATES: Monday should be quiet as most issuers should be
done for the year.

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