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The front end of the Eonia curve is...........>

EONIA
EONIA: The front end of the Eonia curve is marginally flatter in early Thursday
morning trading compared to Wednesday's close as traders digest minutes of July
FOMC meeting that highlighted concerns over low inflation but agreement on b/s
reduction. Looking ahead there is Eurozone final CPI data at 0900GMT, which is
expected to remain unchanged at 1.3% m/m, and then minutes of ECB July meeting
at 1130GMT. Market calculates around a 7% chance of a 10bp rate hike in Mar
2018, and only rising to 22% in June 2018. MNI see 1y/1y Eonia 0.2bp lower at
-25.4bp & following levels in ECB forward dated Eonia.
- Sep-17 unchanged at -0.353%
- Oct-17 unchanged at -0.353%
- Dec-17 0.1bp lower at -0.351%
- Jan-18 0.1bp lower at -0.351%
- Mar-18 unchanged at -0.349%
- Apr-18 unchanged at -0.348%
- Jun-18 0.3bp lower at -0.334%
- Jul-18 0.2bp lower at -0.332%

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