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

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

morning trade compared to Thursday's close as markets trade with a slight

risk-off fell. The Brexit sub-committee at Chequers lasted 8 hours yesterday and

everyone is said to have left happy according to reports from the BBC. PM May is

expected to give a speech outlining the Brexit position later next week, however

Jeremy Corbyn could spoil the party with a speech scheduled for Monday. MNI

PINCH calculate 83% chance of a hike in May-18 and a 60.5% chance of a second

rate hike in December. Current levels in short end Sonia:-

* 6-mth +0.2bp at 0.602%

* 9-mth unch at 0.66%

* 12-mth -0.1bp at 0.715%

* 15-mth -0.5bp at 0.757%

* 18-mth -0.7bp at 0.798%

* 21-mth -0.8bp at 0.837%

* 2-yr -1.1bp at 0.873%

* 3-yr -1.7bp at 0.994%