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

EONIA: The front end of the Eonia curve is modestly steeper in early Tuesday
morning trading compared to Monday's close as risk-on sentiment continues to
weigh on the bond markets as new UN sanctions on North Korea are unanimously
agreed. Looking ahead little data from the Eurozone so, attention likely to be
on UK CPI/PPI numbers and then comments from ECB's Constancio this afternoon.
The chance of a 10bp deposit rate hike in Dec 2018 is now 9.5%. MNI see 1y/1y
Eonia 0.6bp higher at -28.6bp & following levels in ECB forward dated Eonia.
- Oct-17 0.2bp higher at -0.353%
- Dec-17 0.3bp lower at -0.358%
- Jan-18 0.3bp higher at -0.354%
- Mar-18 0.2bp lower at -0.361%
- Apr-18 0.1bp lower at -0.361%
- Jun-18 0.1bp higher at -0.358%
- Jul-18 0.1bp higher at -0.357%
- Sep-18 0.1bp higher at -0.340%

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