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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 trade compared to Monday's close as ECB's Coeure say that he is not
scared of eventual QE exit and so far effect of negative rates have been
compensated by positive effect on aggregate demand. Looking ahead little further
data from the Eurozone so attention likely on ECB Praet comments in Frankfurt
later. MNI PINCH sees the chance of a 10bp deposit rate hike in Sep 2018 is now
37%. MNI see 1y/1y Eonia 1.1bp higher at -25bp & following levels in ECB forward
dated Eonia.
* Oct-17 +0.1bp at -0.353%
* Dec-17 +0.1bp at -0.351%
* Jan-18 +0.1bp at -0.349%
* Mar-18 +0.1bp at -0.345%
* Apr-18 +0.2bp at -0.348%
* Jun-18 +0.2bp at -0.343%
* Jul-18 +0.1bp at -0.341%
* Sep-18 +0.2bp at -0.322%

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