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

EONIA
EONIA: The front end of the Eonia curve is modestly flatter in early Tuesday
morning trading compared to Monday's close as markets react to overnight news of
North Korea launching a missile over Japan, raising geo-political tensions in
the region and pushing E/$ above $1.20. Little further Eurozone data today so
attention likely on opening of US markets this afternoon. Market calculates
around a 5% chance of a 10bp rate hike in Mar 2018, and only rising to 17% in
June 2018. MNI see 1y/1y Eonia 1.5bp lower at -27.7bp & following levels in ECB
forward dated Eonia.
- Sep-17 unchanged at -0.352%
- Oct-17 unchanged at -0.352%
- Dec-17 0.1bp lower at -0.352%
- Jan-18 0.1bp lower at -0.354%
- Mar-18 0.1bp lower at -0.352%
- Apr-18 0.1bp lower at -0.351%
- Jun-18 0.2bp lower at -0.342%
- Jul-18 0.2bp lower at -0.340%

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