STIR futures have generally ticked lower.......>

STIR: STIR futures have generally ticked lower this morning, with risk

recovering somewhat after yesterday's large Brexit-induced moves.

- Short Sterling Reds, Greens and Blues have moved around 3-5 ticks lower,

although these contracts remain 4-5 ticks higher compared to a week ago. There

has been no real new news on Brexit negotiations this morning but there has also

been a partial retracement seen in the pound while gilt yields have also moved

higher. Whites have also seen small moves lower today.

- Eurodollar futures are also around 3.5-5 ticks lower across Reds, Greens and

Blues, with markets slightly more optimistic on the possibility for a US-China

trade deal. The curve has steepened in the White area of the curve.

- Euribor futures are also around 1-2ticks lower across the curve.

- Implied rates on Norwegian FRAs have moved largely in line with Euribor

implied rates this morning.

- In contrast to elsewhere, implied rates on Swedish FRAs have fallen this

morning.