The biggest moves in the major money market....>

STIR: The biggest moves in the major money market futures contracts have been

seen in Eurodollar futures. Whites are 0.5-1.5 ticks lower on the day, Reds are

2-3 ticks lower, Greens 0.5-2.5 ticks lower while Blues are between half a tick

lower and half a tick higher on the day. Much of this move is driven by

continued optimism surrounding US politics. President Trump has hinted that he

would be open to extending the March 1 deadline that will trigger a rise in

tariffs on Chinese goods. There is also continued optimism that a second

government shutdown will be averted.

- The short sterling strip is generally one tick higher on the day (except

Whites which are largely within half a tick of yesterday's close). Yesterday's

headline which stated that the UK's chief Brexit negotiator was heard saying

that parliament would either have to accept May's deal or face a long delay to

Brexit has now been denied while UK CPI came in a little softer than expected by

markets but in line with BoE expectations.

- The Euribor strip is largely within half a tick of yesterday's close with the

pan-Eurozone IP print disappointing in an otherwise quiet day.