[MARKET ANALYSIS] T-note futures are rangebound as all eyes turn to the Fed

USTs: +1.5 ticks Trades little changed following yesterday's mild declines and curve steepening, with participants cautious ahead of today's FOMC rate decision. Bunds: +14 ticks Remains afloat after rebounding from the prior day's trough but with upside capped as attention turns to key central bank rate decisions and with Bund supply scheduled later. JGBs: +21 ticks Gained as yields mostly declined in Japan and with participants digesting mixed data releases.