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

EONIA
EONIA: The front end of the Eonia curve is marginally steeper in early Tuesday
morning trading compared to Monday's close as markets look ahead to key German
ZEW survey at 0900GMT. Overall expectations for the ZEW is for a slightly slip
from July, but none-the-less, still buoyant. ECB Constancio is scheduled to
speak later, but is unlikely to touch on monetary policy. Market calculates
around a 7% chance of a 10bp rate hike in Mar 2018, and only rising to 24.5% in
June 2018. MNI see 1y/1y Eonia 0.4bp higher at -25.8bp & following levels in ECB
forward dated Eonia.
- Sep-17 unchanged at -0.353%
- Oct-17 unchanged at -0.353%
- Dec-17 0.1bp higher at -0.350%
- Jan-18 unchanged at -0.351%
- Mar-18 unchanged at -0.351%
- Apr-18 unchanged at -0.349%
- Jun-18 0.3bp higher at -0.334%
- Jul-18 0.3bp higher at -0.332%

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