Treasurys Flat Before FOMC Decision

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MARKETSCOPE Bonds narrowly flat before Fed issues policy statement this afternoon that could indicate FOMC's concerns about inflation... Fed seen leaving rates unchanged today but there is some speculation FRB might tighten early next year if inflation and economic strength are as strong as the Fed Green Book indicated... see little reaction to report on Existing Home Sales unless vary greatly from expected drop to 6.23 million annual rate from 6.25 million in August... the 10-year Treasury notes are flat at 100-13/32 for yield of 4.830%, 2-year note flat at 99-30/32 for yield of 4.908%, 30 year bonds flat at 93-05/32 for yield of 4.948%.

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