Free Trial

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

EONIA
EONIA: The front end of the Eonia curve is unchanged in early Thursday morning
trade compared to Wednesday's close, with markets unperturbed with the Fed FOMC
statement last night and consensus view that Jerome Powell will get nod for Fed
chair later today. Looking ahead, Eurozone final mfg PMI is re;eased at 0900GMT,
before eyes then turn to all important BoE monetary policy decision at 1200GMT.
According to MNI PINCH markets only price in a 26% chance of a 10bp deposit rate
hike in Dec 2018. MNI see 1y/1y Eonia +0.1bp at -27.5bp & following levels in
ECB forward dated Eonia.
* Dec-17 unch at -0.351%
* Jan-18 unch at -0.351%
* Mar-18 unch at -0.351%
* Apr-18 unch at -0.35%
* Jun-18 unch at -0.354%
* Jul-18 unch at -0.353%
* Sep-18 unch at -0.351%
* Oct-18 unch at -0.349%

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.