[MARKET ANALYSIS] T-note futures are rangebound ahead of the FOMC

USTs: -3 ticksTrades rangebound despite the upside in oil prices, with T-note futures contained ahead of the FOMC, with money markets pricing ia about a 36% chance of a surprise rate hike.Bunds: -11 ticksMarginally declined and reverted to near the 125.00 focal point amid higher oil prices and looming supply.JGBs: +21 ticksGained as risk sentiment soured in Japan and following the recent deadly earthquake in Japan, which adds to the case for the BoJ to keep rates unchanged later this week.