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

SONIA
SONIA: The front end of the Sonia curve is modestly flatter in early Thursday
morning trade compared to Wednesday's close as house prices fall 0.2% in
February according to latest data from the Nationwide. Looking ahead UK
manufacturing PMI and BoE M4 money supply and mortgage approval data are
released at 0930GMT, while PM May is due to meet EU council president Tusk amid
growing Brexit pressure. MNI PINCH calculate 81.5% chance of a hike in May-18
and a 57% chance of a second rate hike in November. Current levels in short end
Sonia:-
* 6-mth +0.3bp at 0.612%
* 9-mth +0.1bp at 0.671%
* 12-mth unch at 0.724%
* 15-mth +0.1bp at 0.771%
* 18-mth unch at 0.813%
* 21-mth unch at 0.852%
* 2-yr -0.1bp at 0.889%
* 3-yr -0.4bp at 1.004%

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