Treasuries flattened as FOMC keeps interest rates
unchanged. UST curve flattened yesterday
after FOMC kept interest rate unchanged but expressed confidence in the U.S.
economic expansion. U.S. economic data released yesterday also showed positive
sign (ISM Non-Manufacturing Index was at 57.5, consensus: 55.8). 2y note picked
up 3.6bps to 1.29%; 10y note climbed to 2.32% (+3.8bps). 30y bond yield was
slightly lower at 2.97% (-0.1bps) as the Treasury Borrowing Advisory Committee
(TBAC) recommended against issuing ultra-long bonds. The DXY index advanced to
99.21 (+0.24%).
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