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

SONIA: The front end of the Sonia curve is modestly flatter in early Wednesday

morning trade compared to Tuesday's close reacting to newswire reports of Tory

Euro-sceptic MPs setting out red-lines to PM May. While Politico reports that

David Davis is to give UK's response to EU's transitional proposals in

parliament today. It is a busy day in the UK with both Labour market data and

public borrowing numbers crossing the wires at 0930GMT. While BoE Carney,

Broadbent, Haldane & Tenreyro appear at TSC hearing from 1415GMT. MNI PINCH

calculate 78.5% chance of a hike in May-18. Current levels in short end Sonia:-

* 6-mth +0.2bp at 0.592%

* 9-mth -0.1bp at 0.653%

* 12-mth -0.1bp at 0.712%

* 15-mth -0.2bp at 0.761%

* 18-mth -0.2bp at 0.807%

* 21-mth -0.3bp at 0.849%

* 2-yr -0.3bp at 0.889%

* 3-yr -0.6bp at 1.02%