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

SONIA
SONIA: The front end of the Sonia curve is marginally steeper in early Thursday
morning trade compared to Wednesday's close as markets react to US Trumps tax
reform plans and BoE Haldane says a rate rise should not be feared. The BoE
holds a 20-yr independence conference today and Friday, with Mark Carney giving
welcoming remarks at 0915BST this morning. Also later today, there is a press
briefing on the latest round of Brexit talks. MNI PINCH now see markets pricing
a 83.5% chance of a 25bp rate hike in Nov 2017 and following levels in BoE
forward dated Sonia:-
* Nov-17 +0.3bp at 0.418%
* Dec-17 +0.4bp at 0.446%
* Feb-18 +0.7bp at 0.548%
* Mar-18 +1.7bp at 0.571%
* May-18 +2bp at 0.669%
* Jun-18 +2.3bp at 0.676%
* Aug-18 +2.5bp at 0.737%
* Sep-18 +2.8bp at 0.751%

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