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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 Monday
morning trade compared to Friday's close likely weighed by passing of the US tax
reform bill. Bloomberg says it has solved the spike in the Eonia fixing mystery,
saying that it was caused by a Greek bank lending money another another Greek
bank at a higher rate. Main event today will be headlines on Brexit and US
durable goods data. 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 +0.3bp at -0.342%
* 9-mth +0.2bp at -0.343%
* 12-mth +0.2bp at -0.342%
* 15-mth +0.3bp at -0.338%
* 18-mth +0.3bp at -0.327%
* 21-mth +0.5bp at -0.311%
* 2-yr +0.5bp at -0.292%
* 3-yr +1.1bp at -0.189%

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