Eurodollar futures have been the.......>

STIR FUTURES: Eurodollar futures have been the biggest movers today. Before

North America came into the office, the tone had already been set with

Eurodollar futures grinding higher, retracing some of their recent losses and

moving back towards Christmas Eve levels. A disappointing Conference Board

consumer confidence print has helped push Eurodollar futures higher. The curve

has flattened in the White area, with H9 up 3 ticks, M9 4.5 ticks and U9 and Z9

both up 5 ticks today. Reds, Greens and Blues are all 4.5-6 ticks higher on the

day.

- The negative sentiment has helped the Euribor strip also flatten and move a

little higher. Whites are largely unchanged on the day while Reds are 0.5-1 tick

higher, Greens 1-1.5 ticks higher and Blues 1.5-2 ticks higher.

- Short sterling has seen a more mixed move today with the curve steepening.

Whites between 0.5 ticks lower to 1 tick higher, Reds 0.5-1 ticks higher, Greens

0.5-2 ticks lower and Blues 2-2.5 ticks lower.