Risk-off continues to dominate STIR markets....>

STIR: Risk-off continues to dominate STIR markets with Eurodollar, Euribor and

short sterling strips all moving higher. The main driver bring continued concern

surrounding US-China trade with an op ed piece in the People's Daily suggesting

that China was not likely to be too proactive in chasing talks with the US.

- Talks between Labour and the government on a Brexit solution have been ended

with no resolution found. Indicative votes are due to be held next week ahead of

May's last roll of the dice in the first week of June as she tables her Brexit

deal for a final time.

- Salvini continues to reiterate that EU deficit laws are less important than

fuelling Italian growth, but the Euribor strip has become increasingly immune to

his comments.

- Eurodollar Whites are up 0.5-3 ticks with the rest of the strip 3-4 ticks

higher.

- Short sterling Whites are 0.5-2 ticks higher with the rest of the strip 2-3

ticks higher.

- The Euribor strip is up 1-1.5 ticks across the curve.