With the US on holiday and no major data or....>

STIR: With the US on holiday and no major data or central bank speeches this

morning, STIR markets have been very quiet today. In spite of the holiday, the

Eurodollar strip has seen the biggest moves, with Whites flat to 0.5 ticks

lower, Reds and Greens generally 1.5 ticks lower and Blues 1 tick lower on the

day. This week will see a number of key events, however, with eight Fed speakers

due, the FOMC Minutes on Wed and durable goods data for Dec on Thurs.

- The Euribor strip has seen Blues generally 1 tick lower on the day with

Whites, Reds and Greens all within 0.5 ticks of Friday's close. This week is a

big week for survey data with flash PMI data released on Thurs and the German

IFO on Fri. We will also receive the final print of German Q4 GDP with the

breakdown on Fri. On top of this we will also receive the Accounts of the ECB

meeting on Thurs with a number of key ECB speakers including Praet and Draghi.

- The short sterling strip is unchanged across most contracts today in spite of

the announcement that 7 Labour MPs would break away from the party. This week's

highlights include labour market data tomorrow and public finance data on Thurs

are the highlights.