There has been limited movement in STIR........>

STIR: There has been limited movement in STIR futures this morning with price

action broadly in a 0-2 tick range. The data calendar is light and political

newsflow has not moved the meter.

- Short sterling futures have largely traded up 1.0-1.5 ticks. Despite the

recent Supreme Court ruling against the UK government's prorogation of

parliament, the Brexit endgame remains highly uncertain. 

- The Euribor futures strip has steepened with whites/reds up 0.5-1.0 ticks and

blues down 0.5-1.0 ticks. The announced departure of Sabine Lautenschlager from

the ECB executive board has fuelled speculation about divisions among monetary

policymakers, but will have no impact on the near-term trajectory of policy. 

- Eurodollar futures are 0.5-2.0 ticks higher with blues outperforming

whites/reds/greens.