Free Trial

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

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%

To read the full story


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.