Its been a quiet day in STIR...........>

STIR FUTURES: Its been a quiet day in STIR markets, particularly in contrast to

the end of last week.

- The short sterling strip is higher on the day but has come off of some of the

highs seen earlier this morning. The whole strip is now around 1-2 ticks higher

on the day. Brexit pessimism has started to build again with the Select

Committee to give an update on Brexit on Wed, the House of Commons debate to

begin on Thurs and the "meaningful vote" reported to be likely Tues next week.

- In contrast the Eurodollar and Euribor strips are lower on the day with the

Eurodollar.

- The Reds have seen the biggest moves in Eurodollar futures today with the U0

contract 3 ticks lower on the day and other Red contracts 2-2.5 ticks lower. The

ISM non-manufacturing index fell more than expected, but there are unlikely to

be too many data releases this week with the government shutdown continuing.

Instead focus is likely to be on a number of Fed speakers, including Powell on

Thurs.

- The Euribor strip is 1-1.5 ticks lower across most of the strip.