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

SONIA
SONIA: The front end of the Sonia curve is modestly steeper in early Tuesday
morning trade compared to Monday's close as concerns over an impending trade war
fall as opposition to new tariffs within the US grows. While in the UK, retail
sales held steady in February with non-food sales continuing to suffer from
higher food costs, said the BRC. Looking ahead BoE Haldane speaks but after
market closes at 1815GMT. MNI PINCH calculate 81% chance of a hike in May-18 and
a 55% chance of a second rate hike in November. Current levels in short end
Sonia:-
* 6-mth unch at 0.615%
* 9-mth -0.1bp at 0.673%
* 12-mth -0.1bp at 0.727%
* 15-mth -0.1bp at 0.771%
* 18-mth -0.1bp at 0.812%
* 21-mth +0.1bp at 0.851%
* 2-yr +0.2bp at 0.888%
* 3-yr +0.3bp at 1.005%

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