US TSYS: Post-FOMC Retreat in Rates, ECB Held Steady * Treasuries look to finish weaker, off morning lows, curves mildly steeper (2s10s +.522 at 48.089, 5s30s +1.245at 92.638), projected rate cut pricing hold near late Wednesday levels (* Post FOMC): Dec'25 at -18bp (-15.5bp), Jan'26 at -26.5bp (-26bp), Mar'26 at -35.1bp (-35.3bp), Apr'26 at -41bp (-42bp). * Currently, the Dec'25 10Y contract trades -7 at 112-22 vs. 112-16 low, 10Y yield +.0193 at 4.0950% vs. 4.1144% high.