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Reds Lead Post-CPI Rally In SONIA

STIR

A notably bullish start for the SONIA strip on the back of the softer than expected (but still elevated) UK CPI data, as the reds lead the move, with over 30bp of richening seen in contracts within that pack. The space generally operates a little shy of early session highs at typing.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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