Risk-off is the theme for STIR markets this....>

STIR: Risk-off is the theme for STIR markets this morning with all contracts

across the G3 moving higher.

- Continued concerns about the economic impact of US-China trade talks and a

raft of comments form Italian Deputy PM Salvini saying that he is not concerned

about widening spreads and again dismissing EU deficit rules has helped risk

stay on the back foot.

- In the UK, it has been confirmed that May will bring the Brexit bill back to

parliament for a vote in the first week of June, irrespective of whether Labour

support is obtained.

- The short sterling strip has flattened across the curve. Whites are up 0.5-1.5

ticks, Reds 2-3.5 ticks, Greens 4-4.5 ticks and Blues 4.5-5.5 ticks.

- Euribor futures are unch to 1.5 ticks higher for Whites, 1.5-2.5 ticks higher

for Reds, 2.5 ticks higher for Greens and 3-3.5 ticks higher for Blues.

- Eurodollar futures are unch to 4 ticks higher for Whites with the rest of the

strip 4-5.5 ticks higher.