[MARKET ANALYSIS] T-not futures take a breather after advancing yesterday heading into the FOMC

USTs: +0.5 ticksTakes a breather after gaining yesterday as yields continued to fade recent advances amid pre-FOMC positioning.Bunds: +6 ticksHolds on to the prior day's spoils but with further upside capped as Bund issuances loom.JGBs: +26 ticksTracked 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.