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STIR futures have been on the backfoot this....>

STIR: STIR futures have been on the backfoot this morning, particularly short
- The short sterling strip has continued its slide, with a steepening in the
White area and most Red, Green and Blue contracts 8-9.5 ticks lower on the day.
The strip is now pretty flat all the way out to five years from now. The moves
this week have largely been due to a no deal Brexit at the end of October being
priced out. Today's moves were also exacerbated by a story in The Times that the
DUP are preparing to shift their red lines (although this has later been
- The Euribor strip is also down considerably on yesterday with Whites 1.5-3
ticks lower, Reds 4-5 ticks lower, Greens 5-6 ticks lower and Blues 6-8 ticks
lower. This as the market continues to digest yesterday's ECB decision.
- The Eurodollar strip in contrast is only down 1.5-2.5 ticks across the curve.
Michigan confidence and retail sales will be the highlights in the US session

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