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It has been a quiet and mildly risk off day....>

STIR
STIR: It has been a quiet and mildly risk off day in STIR markets.
- The biggest moves have been seen in short sterling where Whites, Reds and
Greens are 0.5-2 ticks higher on the day. Today sees the next meaningful vote on
Brexit in the House of Commons. The Speaker is due to select which amendments
will be debated and voted on imminently (expected before midday GMT) with a vote
expected around 1900GMT. Over the past week, the short sterling strip has
flattened in the Whites area with Reds, Greens and Blues all generally 5 ticks
higher relative to a week ago.
- The Eurodollar strip is unchanged for Whites and Reds today, with Greens 0.5
ticks higher and Blues 1 tick higher. The Sino-US trade talks are continuing
against a backdrop of an escalation in the extradition proceedings of the Huawei
CFO. In a pretty quiet data day, the market is looking ahead to tomorrow's FOMC
statement and Friday's payrolls report.
- The Euribor strip has seen most contracts within 0.5 ticks of yday's close
with Blues 1 tick higher on the day. Again, the data calendar has been light and
we look to flash inflation data later this week to provide more direction.

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