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

SONIA
SONIA: The front end of the Sonia curve is steady to slightly flatter Thursday
morning. Markets will be looking ahead to UK Retail Sales data at 0930BST. MNI
Pinch is calculating 85.0% chance of a 25bp rate hike chance in November. The
following are levels in BoE forward dated Sonia:-
* Nov-17 +0.1bp at 0.425%
* Dec-17 +0.3bp at 0.443%
* Feb-18 +0.1bp at 0.534%
* Mar-18 +0.2bp at 0.545%
* May-18 +0.1bp at 0.638%
* Jun-18 -0.4bp at 0.644%
* Aug-18 -0.2bp at 0.704%
* Sep-18 unch at 0.713%

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