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Sonia last fixed at 0.7052% unchanged with....>

SONIA
SONIA: Sonia last fixed at 0.7052% unchanged with volume at GBP41.3bln down from
GBP44.2bln.
- There has been a very modest steepening of the GBP OIS curve with spot moves
<1bp. 
- The curve has pushed higher and steepened more sharply on the week, led by
longer dated tenors. 
- Implied forwards have similarly rebounded with the 2y1y up 6.9bp, which has
pulled up the implied probability of a December BoE hike to 65.2% up from 58.9%
a week ago (MNI PINCH Estimates)

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