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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 trade compared to Thursday's close as as North Korea hints at another
nuclear bomb test over the pacific ocean. While French flash PMIs jump higher.
Looking ahead ECB Coeure speaks in Sarajevo, Draghi speaks twice in Dublin and
Constancio in Frankfurt. EMU flash PMIs are released at 0800GMT and then PM
May's speech in the afternoon. MNI PINCH sees the chance of a 10bp deposit rate
hike in Sep 2018 is now 41%. MNI see 1y/1y Eonia 0.1bp lower at -24.2bp &
following levels in ECB forward dated Eonia.
* Oct-17 unch at -0.354%
* Dec-17 unch at -0.352%
* Jan-18 -0.1bp at -0.352%
* Mar-18 unch at -0.347%
* Apr-18 0bp at -0.348%
* Jun-18 +0.1bp at -0.34%
* Jul-18 +0.1bp at -0.337%
* Sep-18 -0.1bp at -0.317%

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