It has been an eventful morning in STIR........>

STIR: It has been an eventful morning in STIR futures with a decent sell off on

the back of better than expected Chinese export, money supply and lending data.

Aggregate financing to the Chinese economy (total social financing) rose CNY2.86

trillion, more than four times February's CNY703.0 billion. It was also the

second-fastest growth this year, following January's record CNY4.64 trillion.

The MNI survey had projected CNY1.9 trillion.

- Eurodollar futures have seen the biggest moves with Whites 1.5-5.5 ticks

lower, Reds and Greens 6-7.5 ticks lower and Blues 4.5-6 ticks lower. The

biggest moves have been around the Z0-H1 area of the curve.

- The short sterling strip is 0.5-1.5 ticks lower for Whites, 2-3 ticks lower

for Reds and Greens and 4.5-4 ticks lower for Blues.

- Euribor Whites are unch to 0.5 ticks lower, Reds 0.5-2 ticks lower, Greens

2.5-3 ticks lower and Blues 3.5-4 ticks lower.