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

SONIA: The front end of the Sonia curve is modestly steeper in early Monday
morning trade compared to Friday's close French President Macron says it would
be possible for the UK to get a bespoke trade deal only if they accept certain
preconditions. Looking ahead there is little UK or EMU data today so attention
likely on NY opening and the current partial government shutdown. MNI PINCH
calculate 43% chance of a hike in May 2018. Current levels in short end Sonia:-
* 6-mth +0.2bp at 0.514%
* 9-mth +0.2bp at 0.561%
* 12-mth +0.2bp at 0.611%
* 15-mth +0.2bp at 0.65%
* 18-mth +0.4bp at 0.686%
* 21-mth +0.2bp at 0.719%
* 2-yr +0.3bp at 0.751%
* 3-yr +0.3bp at 0.849%

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