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STIR futures are lower this morning, driven....>

STIR
STIR: STIR futures are lower this morning, driven largely by political headlines
in a day devoid of economic data.
- China is reported to be offering to increase its purchases of soybeans from
the US in order to help a deal through. Most of the Eurodollar strip is down
1.5-2 ticks on the day.
- In the UK, talk of a new "double majority" backstop deal has seen the short
sterling strip move lower. Whites are down 0.5-2 ticks, and the rest of the
strip down 3-3.5 ticks.
- The Euribor strip is lower after an MNI interview with ECB VP de Guindos. The
strip is generally down 1-2 ticks.

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