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

SONIA
SONIA: The front end of the Sonia curve is little changed so far in early Friday
morning trade compared to Thursday's close, in light illiquid trade on the last
trading day of 2017, which will also be a shortened one. There is no data from
the UK Friday, however, focus will be on pan-German flash CPI release at 1300GMT
with individual regions crossing the wires from 0800GMT. MNI PINCH calculate a
42% chance of a rate hike in May 2018 & see following levels in short end
Sonia:-
* 6-mth unch at 0.499%
* 9-mth unch at 0.537%
* 12-mth unch at 0.573%
* 15-mth -0.1bp at 0.601%
* 18-mth -0.1bp at 0.628%
* 21-mth -0.1bp at 0.654%
* 2-yr -0.1bp at 0.678%
* 3-yr unch at 0.759%

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