[MARKET ANALYSIS] T-note futures take a breather after advancing yesterday heading into the FOMC

USTs: +0.5 ticks

• Takes a breather after gaining yesterday as yields continued to fade recent advances amid pre-FOMC positioning.

Bunds: +6 ticks

• Holds on to the prior day's spoils but with further upside capped as Bund issuances loom.

JGBs: +26 ticks

• Tracked the upside in global peers but is off earlier highs as participants also digest mostly better-than-expected trade data, and with the BoJ kick-starting its 2-day policy meeting.