- In line with other global FI markets, STIR...>

STIR: - In line with other global FI markets, STIR markets have sold off today

across the board.

- Short sterling has led the moves lower with the curve steepening sharply.

Whites are unch to 3 ticks lower, Reds 4.5-7 ticks lower, Greens 7.5-9 ticks

lower and Blues 9.5-10.5 ticks lower. These moves have wiped out all of the

gains seen across the strip throughout the whole of February. The

underperformance of short sterling is largely on the back of positive Brexit

sentiment (see Gilt Summary at 15:47GMT).

- Eurodollar Whites and Reds have reversed yesterday's gains with Whites flat to

1 tick lower on the day and Reds 1.5-2.5 ticks lower on the day. Greens and

Blues were largely unch yesterday but are 3.5-4.5 ticks lower today.

- The Euribor strip has also steepened with Whites largely unch. Reds unch to

1.5 ticks lower on the day, Greens 2-3.5 ticks lower on the day and Blues 3.5-4

ticks lower on the day.