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

SONIA
SONIA: The front end of the Sonia curve is steeper in early Tuesday morning
trade compared to Monday's close as Fed's Kaplan says that he has an "open mind"
for December policy meeting, need evidence inflation will reach target. Looking
ahead UK construction PMI is released at 0930BST while Brexit Secretary David
Davies and Foreign Secretary Boris Johnson both speak at Conservative Party
conference this afternoon. MNI PINCH see markets pricing a 82.5% chance of a
25bp rate hike in Nov 2017 and following levels in BoE forward dated Sonia:-
* Nov-17 +0.1bp at 0.417%
* Dec-17 +0.1bp at 0.438%
* Feb-18 -0.2bp at 0.535%
* Mar-18 +0.2bp at 0.546%
* May-18 +0.3bp at 0.644%
* Jun-18 +0.5bp at 0.648%
* Aug-18 +0.3bp at 0.711%
* Sep-18 +0.3bp at 0.716%

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