SONIA futures follow the move lower in core global FI markets, with the strip running flat to 5bp lower through the blues, steepening.
- BoE-dated OIS run little changed to 2bp firmer, with that strip also steepening, although familiar pricing parameters remain in play there.
- Most of the domestic weekend headline flow has centred on political and sovereign credit rating matters, which won’t have much/any feedthrough for UK STIRs.
- The local docket is essentially empty on Monday, which will leave focus on broader headline flow and cross-market moves.