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STIR: The short sterling recovery has continued this morning, with the lows seen
around midday BST yesterday ahead of some retracement of the move lower. There
had been no real trigger for the move lower other than positioning and liquidity
squeezes. Whites are unch to 3.5 ticks higher with the rest of the strip
generally 3.5-4.5 ticks higher.
- The Euribor strip has been grinding higher through most of the morning in line
with the general moves higher in core fixed income. Whites are 0.5-1 tick
higher, Reds and Greens 1-2 ticks higher and Blues 2.5-3 ticks higher on the
- Eurodollar Whites, Reds and Greens are unch to 1 tick higher while Blues are
2-3 ticks higher.