Treasuries End Mostly Flat

Treasuries ended Tuesday's session little changed to slightly firmer, mostly on dull position squaring

Treasuries ended Tuesday's session little changed to slightly higher, mostly on dull position squaring. The FOMC meeting provided absolutely no excitement for the markets, either in the run up to the announcement or in the post-statement trade. Indeed, the Fed fully met expectations for a steady 1-1/4% rate target, a balanced risk assessment, and a terse policy statement (note eurodollar traders booed).

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