Free Trial

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

STIR
STIR: It has been a quiet morning in STIR markets which have been deprived of
any top tier data or central bank speeches this morning.
- The short sterling strip has shifted down 0.5-1 tick today as more positive
Brexit news continues to raise sentiment in the UK.
- The Eurodollar strip is largely unchanged with most contracts within 0.5 ticks
of Friday's close. December construction data is the only notable data release
today as markets look ahead to the employment report on Friday.
- The Euribor strip has flattened a little today with Whites largely flat, Reds
0.5 ticks higher, Greens 1-1.5 ticks higher and Blues 1.5-2 ticks higher on the
day. Focus will be on the ECB meeting later this week with discussions
surrounding TLTROs and the magnitude of any downgrades to growth forecasts
likely to be the highlights.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.