It has been a fairly quiet morning in STIR.....>

STIR: It has been a fairly quiet morning in STIR markets today following

yesterday's ECB meeting.

- The Euribor strip has seen minor steepening in the White pack and minor

flattening in the Red pack, leaving Greens and Blues largely unch to 0.5 ticks

lower on the day.

- The short sterling strip has flattened a little but the front 12 contracts are

all within 2 ticks of yesterday's close.

- The Eurodollar strip has seen Whites and Reds 0.5-1 tick lower, Greens flat to

1 tick higher and Blues 1-1.5 ticks higher on the day.

- The big event for STIR markets today is likely to be the first print of US Q2

GDP, one of the last major data releases ahead of next week's FOMC meeting.

There will also be potential revisions to prior data stretching back five years.