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The front end of the Sonia curve is...........>

SONIA
SONIA: The front end of the Sonia curve is modestly steeper in early Friday
morning trading compared to Thursday's close, as markets par back some of the
sharp flattening move seen after the BoE announcement. Markets also digesting
comments from BoE Broadbent -- fells like economy can handle rate hike. Looking
ahead little data from the UK today so attention will turn to US non-farm
payroll data. MNI PINCH now see markets pricing a 58% chance of a 25bp rate hike
in Feb 2018, up from 48% Seen at Thursday's close, and the following levels in
BoE forward dated Sonia:-
- Sep-17 0.2bp higher at 0.222%
- Nov-17 0.4bp higher at 0.397%
- Dec-17 0.9bp higher at 0.302%
- Feb-18 1.3bp higher at 0.358%
- Mar-18 1.5bp higher at 0.352%
- May-18 1.4bp higher at 0.388%
- Jun-18 1.5bp higher at 0.392%
- Aug-18 1.7bp higher at 0.420%

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