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In line with fixed income markets, STIR........>

STIR
STIR: In line with fixed income markets, STIR markets have edged higher so far
this morning. The main headline overnight surrounded North Korea rebuilding
their rocket launch site, helping foster a little more risk-off sentiment.
- The Euribor strip has flattened with Whites and Reds up 0.5 ticks, Greens up
1-2 ticks and Blues up 2-2.5 ticks on the day.
- Short sterling has seen less flattening but has seen the strip shift 1-2 ticks
higher. The EU has said that there will be further technical talks on Brexit
later this week.
- The Eurodollar strip is flat to 0.5 ticks higher on the day.
- There has been little in the way of data across Europe, with Australian GDP
coming in a little weaker than expected in the Asian session. Today's main data
highlights include the Bank of Canada rate decision (exp unch), US ADP
employment and the US Beige Book. There are two BoE and three Fed speakers,
mostly due in the NA afternoon session.

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