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A risk-on tone across markets has seen most....>

STIR: A risk-on tone across markets has seen most STIR futures contracts
sell-off somewhat today. Most seem to be pinning this improved risk appetite on
an easing of US-China relations in spite of the Treasury's denial of a WSJ story
that states US officials are discussing lifting tariffs in order to speed up
trade negotiations.
- The White tranche of the Eurodollar strip has steepened this morning with the
rest of the strip 3-3.5 ticks lower on the day.
- The positive sentiment has also helped Euribor futures move lower. Whites are
flat to 0.5 ticks lower, Reds 1-1.5 ticks lower and Greens and Blues are
generally 2 ticks lower.
- Short sterling Greens and Blues have also sold off in sync with other global
STIR markets but Whites and Reds are generally 0.5-1 tick higher on the day as
Brexit issues continue to linger and retail sales were softer than expected in

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