The highlight of the morning for STIR..........>

STIR: The highlight of the morning for STIR markets was the speech by BoE's

Saunders. Formerly considered a hawk, he said that due to continued uncertainty,

UK growth may be lower than expected and that easier monetary policy could be

appropriate even if a Brexit deal is agreed before October 31. The STIR strip

spiked higher with most of the strip moving as much as 7 ticks higher. Whites

and Reds remain up to 6-6.5 ticks higher but Greens and Blues have partially

retraced their moves and are now up 4-5.5 and 3-3.5 ticks respectively.

- The Eurodollar strip, in contrast, is lower on the day helped by a general

risk-on move in markets. Whites are down 1-4.5 ticks with the rest of teh strip

down 4.5-5.5 ticks.

- The Euribor strip is little changed, with most contracts down 0.5 ticks on the

day.