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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 Friday
morning trading compared to Thursday's close as continued political concern in
the US and the terrorist attack in Barcelona leads markets to trade with a
slight risk-off tone. Little further data from the Eurozone today, so attention
likely to be on political comments from the US administration. Market calculates
around a 6% chance of a 10bp rate hike in Mar 2018, and only rising to 22% in
June 2018. MNI see 1y/1y Eonia 0.1bp lower at -25.6bp & 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 -0.350%
- Jan-18 unchanged at -0.351%
- Mar-18 0.1bp lower at -0.350%
- Apr-18 0.1bp lower at -0.349%
- Jun-18 0.1bp lower at -0.334%
- Jul-18 0.2bp lower at -0.332%

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