Free Trial

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

EONIA
EONIA: The front end of the Eonia curve is marginally steeper in early Wednesday
morning trade compared to Tuesday's close as market digest comments hawkish
headlines from Fed Chair Janet Yellen. However French consumer confidence
surprisingly dropped to 101 from 103 in Sep. Comments from ECB's Nouy did not
touch on monetary policy, however US durable goods could impact markets later
on. MNI PINCH sees the chance of a 10bp deposit rate hike in Sep 2018 is now
41%. MNI see 1y/1y Eonia 0.9bp higher at -24.2bp & following levels in ECB
forward dated Eonia.
* Oct-17 +0.4bp at -0.352%
* Dec-17 +0.4bp at -0.352%
* Jan-18 +0.5bp at -0.351%
* Mar-18 +0.4bp at -0.346%
* Apr-18 +0bp at -0.348%
* Jun-18 +0.3bp at -0.34%
* Jul-18 +0.4bp at -0.337%
* Sep-18 +0.4bp at -0.319%

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.