It has been another quiet morning for STIR.....>

STIR: It has been another quiet morning for STIR markets, with both the Short

Sterling strip and the Euribor strip 0.5-1 tick higher, meaning that most all

White, Red, Green and Blue contracts are now within 3 ticks of where they began

the week. There has been little reaction in STIR markets to the disappointing

Spanish, Italian or UK industrial production numbers or to the better than

expected UK monthly GDP numbers.

- Eurodollar futures have seen bigger moves with most of the strip 2.5-3 ticks

higher (with the exception of H9 which is 1 tick higher). Expectations of Fed

policy continue to bounce around while there is continued expectation that the

longer the US shutdown continues the more likely it is that President Trump will

call a state of emergency.

- The calendar for the rest of the day is light with US CPI due for release and

a speech by Bank of Italy Governor Visco.