- The biggest movers in STIR futures this......>

STIR: - The biggest movers in STIR futures this morning have been Eurodollar

futures, with the majority of the move occurring in the the Asia session. These

moves are largely on the back of the PBOC moving the USDCNY fix higher. The

Eurodollar strip is still off the highs seen during the Asian session in the

early hours of August 6.

- Eurodollar Whites are up 2.5-6 ticks, Reds 6.5-8 ticks and Greens and Blues up

8-9.5 ticks.

- As fixed income continues to rally across Europe and following some more poor

data from Germany and France this morning, and UK-EU relations continue to sour,

short sterling and Euribor futures are continuing to move higher too.

- The short sterling strip has bull flattened with Whites unch to 2.5 ticks

higher, Reds 2.5-3 ticks higher, Greens 3-4 ticks higher and Blues 4-7 ticks

higher.

- The Euribor strip has seen similar, albeit smaller moves. White are 0.5-2

ticks higher, Reds 2.5-3 ticks higher, Greens 3-4.5 ticks higher and Blues

4.5-5.5 ticks higher.