Pre-FOMC Market Update

SP-500 -0.2%, Dow -0.15%, NASDAQ-100 -0.6%, Small Caps -0.6% The air of caution from this morning persists heading into the FOMC, but stocks are off he lows nd yields have bumped up slightly with the 2-year up 1 bp, the 10-year up 1 bp and 30-year up 3 bp. This hasn’t bothered Credit too much…