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- Eonia last fixed at -0.366% up from.........>

EONIA
EONIA: - Eonia last fixed at -0.366% up from -0.3680% with volume at EUR1.2bln
down from EUR3.4bln. Excess liquidity stands are EUR1913bln 
- EUR OIS rates have inched lower and the curve has flattened. 2y1y Eonia fwd is
~5bp lower on the week. Pressure has also been building at the longer end of the
forward curve: 5y1y now trades 0.311% - a fresh low for the year and the lowest
read since 2016. 
- Inflation markets are similarly on the move. The EUR 5y5y forward inflation
swap trades at 1.324% and down ~10bp since the beginning of May. Meanwhile
German 5y breakevens are down ~20bp over the same period.

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