It has been a risk-on morning in G3 STIR.......>

STIR: It has been a risk-on morning in G3 STIR markets but there has been little

in the way of new news. Moves have largely just been a continuation of shifting

further away from the highs seen last week.

- The Eurodollar strip has seen the biggest moves with White, Reds and Greens

generally down 4-4.5 ticks while Blues are 5-6.5 ticks lower on the day.

- The short sterling curve has bear steepened. Whites are unch to 0.5 ticks

higher, Reds are 1 tick higher to 1 tick lower, Greens are 0.5-2.5 ticks lower

while Blues are 4-5.5 ticks lower.

- The Euribor strip has seen Whites fall 0.5-1.5 ticks while Reds, Greens and

Blues are generally 2 ticks lower on the day.