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SONIA futures biggest movers today

STIR FUTURES

There has been some divergence in STIR futures markets this morning on little headline flow.

  • Eurodollar futures moved a couple of ticks higher overnight and SONIA futures higher on the open. Largely down to more focus overnight on US comments that Russia could use chemical / biological weapons overnight. Moves in SONIA futures larger than elsewhere, but this follows larger moves across the SONIA strip yesterday, so just seems like more of a pullback.
  • Euribor futures had also moved higher, but Whites/Reds now a little lower on the day - again on no real news. ECB meeting in focus later.

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