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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 Monday
morning trade compared to Friday's close as markets work out the implications of
the German election which saw Angel Merkel win a fourth term but saw the rise of
the far right AfD party. Looking ahead German Ifo is released at 0900BST while
ECB Draghi is scheduled to speak at 1400BST in Brussels. MNI PINCH sees the
chance of a 10bp deposit rate hike in Sep 2018 is now 40%. MNI see 1y/1y Eonia
0.4bp lower at -24.1bp & following levels in ECB forward dated Eonia.
* Oct-17 unch at -0.354%
* Dec-17 unch at -0.352%
* Jan-18 +0.1bp at -0.35%
* Mar-18 -0.1bp at -0.345%
* Apr-18 -0.1bp at -0.345%
* Jun-18 -0.1bp at -0.34%
* Jul-18 -0.1bp at -0.336%
* Sep-18 -0.3bp at -0.319%

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