It sounds like you may have an air bubble in the system some where. A brake fluid change may be in order, not sure of the procedure for the 1100 linked brakes.
Bleeding the brakes on all ST1100 ABS-II (1996-2002).
1.Left front caliper upper bleed valve, using the front brake lever.
2.Right front caliper upper bleed valve, using the front brake lever
3.Left front caliper lower bleed valve, using the rear brake pedal.
4.Right front caliper lower bleed valve, using the rear brake pedal.
5.Rear caliper front bleed valve, using the rear brake pedal.
6.Rear caliper rear bleed valve, using the rear brake pedal.