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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessThe front end of the Sonia curve is...........>
SONIA: The front end of the Sonia curve is modestly steeper in early Thursday
morning trade compared to Wednesday's close as markets digest slightly hawkish
slant to FOMC meeting last night. Traders also waking up to news that PM May is
to argue against EU citizen residency rights plan during the transition period,
setting up a clash with the EU. Looking ahead UK manufacturing PMI is released
at 0930GMT with consensus seeing a slight rise to 56.5 from 56.3. MNI PINCH
calculate 52.5% chance of a hike in May 2018. Current levels in short end
Sonia:-
* 6-mth +0.1bp at 0.534%
* 9-mth unch at 0.586%
* 12-mth +0.1bp at 0.647%
* 15-mth +0.2bp at 0.695%
* 18-mth +0.3bp at 0.742%
* 21-mth +0.5bp at 0.787%
* 2-yr +0.9bp at 0.832%
* 3-yr +1.4bp at 0.979%
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.