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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 EONIA fixing jumped another 6bps
last night to -0.241%, the second consecutive 6bp rise. Again hearing no
technical reason for the move higher, but low volume and month-end could be
adding to the volatility. Data wise today, Eurozone final mfg PMI is released at
0900GMT. MNI PINCH now see markets pricing a 50% chance of a 10bp deposit rate
hike in Dec 2018, 1y/1y Eonia +0.9bp at -23.1bp & following levels in short-end
Eonia Curve.
* 6-mth +0.5bp at -0.336%
* 9-mth +0.4bp at -0.334%
* 12-mth +0.4bp at -0.332%
* 15-mth +0.3bp at -0.328%
* 18-mth +1.4bp at -0.316%
* 21-mth +1.2bp at -0.301%
* 2-yr +0.2bp at -0.281%
* 3-yr +0.1bp at -0.177%

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