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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 in early Wednesday
morning trade compared to Tuesday's close, with a lack of direction seen
overnight and relatively quiet political scene in the UK for now. This could all
change as EU Withdrawal Bill gets voted on in the Commons before going to House
of Lords. While the fallout from the collapse of Carillion and NHS crisis
continues. There is a dearth of UK data so attention on EMU final CPI, comments
from BoE's Saunders at 1145GMT and then Fed's Evans and Mester. MNI PINCH
calculate 43% chance of a hike in May 2018. Current levels in short end Sonia:-
* 6-mth unch at 0.508%
* 9-mth unch at 0.551%
* 12-mth unch at 0.595%
* 15-mth unch at 0.632%
* 18-mth -0.1bp at 0.665%
* 21-mth -0.1bp at 0.697%
* 2-yr unch at 0.728%
* 3-yr -0.1bp at 0.826%

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