This weighed on EURUSD (-0.3%) which had its sharpest fall in three weeks. Treasuries traded in a tight range between 2.50% to 2.53%. An uneventful Syr UST aucti=n helped 10yr yields close at 2.50%, not far from where they are trading this morning. Today will be mostly about the FOMC announ=ement and t

trade will be Europe over US for the rest of 2015. So what to own in Europe? There was little for owning bond-like proxies in equity. As the move in Syr UST showed on Friday on a strong payroll number that if bond yields rise then things that look and smell like bonds will also see their yields rise. Ca