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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 Friday
morning trade compared to Thursday's close, as German factory orders spike
higher in August and markets continue to keep one eye on the situation in
Catalonia. Looking ahead, there is little further data from the EU so attention
will turn to key US non-farm payroll and average hourly earnings at 1330BST. MNI
PINCH sees the chance of a 10bp deposit rate hike in Sep 2018 is now 41%. MNI
see 1y/1y Eonia 0.6bp higher at -23.3bp & following levels in ECB forward dated
Eonia.
* Oct-17 unch at -0.352%
* Dec-17 -0.1bp at -0.353%
* Jan-18 -0.1bp at -0.351%
* Mar-18 +0.1bp at -0.343%
* Apr-18 +0.3bp at -0.344%
* Jun-18 +0.2bp at -0.338%
* Jul-18 +0.2bp at -0.335%
* Sep-18 +0.2bp at -0.317%

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