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Short sterling and Eurodollar futures are......>

STIR
STIR: Short sterling and Eurodollar futures are marginally lower this morning
with both strips generally 0.5-1 tick lower on the day.
- The Euribor strip has seen a bigger move lower following the disappointing
uptake of the first TLTRO3 operation where only E3.4bln was taken up. Whites are
0.5-1 ticks lower, Reds 1.5-2 ticks lower and Greens and Blues 2-2.5 ticks lower
on the day.
- Looking ahead the BoE decision at midday is likely to be uneventful while the
Philly Fed, claims and housing data are all due for release from the US.

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