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It has been a fairly risk-on morning in STIR...>

STIR
STIR: It has been a fairly risk-on morning in STIR markets, with some of last
week's rally being reversed this morning.
- The Eurodollar curve has seen the biggest moves with Whites down 0.5-1.5 ticks
on the day and Reds, Greens and Blues generally down 2-2.5 ticks on the day.
There is not much on the US data calendar today with the Fed's Bowman the only
notable speaker of the day.
- In short sterling, Whites are flat to 1.5 ticks lower with Reds, Greens and
Blues 1.5-3 ticks lower on the day. It is now looking unlikely that there will
be a "meaningful" Brexit vote on Thursday, kicking the can further down the
road. And the move lower in the short sterling strip comes in spite of a worse
than expected GDP print, with the December reading falling 0.4% M/M.
- The Euribor strip has seen smaller moves in the front end with Whites
unchanged on the day, Reds flat to 1 ticks lower, Greens 1.5-2.5 ticks lower and
Blues 2.5-3 ticks lower.

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