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It has been another very quiet day in STIR.....>

STIR
STIR: It has been another very quiet day in STIR markets. The Eurodollar strip
has moved higher and flattened today with Whites largely unchanged on the day,
Reds 0.5-2 ticks higher and Greens 1.5-2.5 ticks higher on the day. This has
left the majority of the Eurodollar strip almost exactly unchanged compared to
its level last week, reversing all of the moves lower following the strong
labour market report on Friday. Today will see the release of November trade
data at 13:30 (albeit without a lockup and only on the website). Powell is due
to speak at midday GMT/1900ET.
- The Euribor strip has moved in sympathy with the Eurodollar strip today,
albeit with a lower beta with the only data to be released some poor German
factory orders data. Whites, Reds and Greens are largely unchanged or 0.5 ticks
higher on the day and Blue 1-1.5 ticks higher.
- The short sterling strip is 0.5-1 tick higher on the day ahead of tomorrow's
BoE meeting.

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