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

SONIA
SONIA: The front end of the Sonia curve is flatter in early Friday morning trade
compared to Thursday's close despite US house passing a short-term spending Bill
to avoid a government shutdown and rise in Lloyds business barometer. Looking
ahead UK final Q3 GDP is released along with index of services for October at
0930GMT. Consensus is for Q3 GDP to remain at +0.4% q/q. There is a raft of US
data this afternoon as well which is likely to keep markets interested. MNI
PINCH calculate a 46% chance of a rate hike in May 2018 & see following levels
in short end Sonia:-
* 6-mth -0.2bp at 0.499%
* 9-mth -0.1bp at 0.541%
* 12-mth -0.3bp at 0.577%
* 15-mth -0.5bp at 0.607%
* 18-mth -0.6bp at 0.635%
* 21-mth -0.6bp at 0.662%
* 2-yr -0.7bp at 0.687%
* 3-yr -1bp at 0.77%

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