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SONIA Sees Light Twist Flattening

STIR

SONIA futures twist flatten in a similar move to Euribor, although the moves are on typically low pre-gilt open volume.

  • Futures are -1.5 to +2.0 through the blues.
  • Overnight REC/KPMG labour market data revealed that starting salaries and pay for temporary workers saw the slowest increase in two and a half years during September, while a swifter rate of job cuts was also flagged in the survey. This is the latest sign of a cooling domestic labour market.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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