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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 German flash Q3 GDP surprises to
the upside, rising to +0.8% q/q and final Oct HICP remains at 1.5% y/y. Looking
ahead there is Eurozone industrial production and Q3 GDP numbers and German ZEW
survey all crossing the wires at 1000GMT. There is also a raft of ECB speakers
scheduled throughout the day. According to MNI PINCH markets now price in a 24%
chance of a 10bp deposit rate hike in Dec 2018. MNI see 1y/1y Eonia +0.5bp at
-26.6bp & following levels in short-end Eonia Curve.
* 6-mth unch at -0.356%
* 9-mth unch at -0.355%
* 12-mth +0.1bp at -0.353%
* 15-mth +0.1bp at -0.35%
* 18-mth unch at -0.343%
* 21-mth +0.1bp at -0.329%
* 2-yr +0.2bp at -0.31%
* 3-yr +0.4bp at -0.209%

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