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Moving lower on Russia-Ukraine hopes

STIR FUTURES

Hopes of a potential cease fire, possibly as early as later this week, have helped drive STIR markets lower across the board.

  • Eurodollar futures are down 5-6 ticks across most of the strip now, with a steepening in the White area of the curve.
  • SONIA futures down 2.5 ticks for Reds, a little less in Greens but a little more in Blues.
  • Euribor futures down 1.5 ticks through Whites and Reds and 2-3 ticks through Greens and Blues.

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