Free Trial

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 Eonia fixing only dropped to -0.319%
last night from -0.29% on Friday, with risk seen that it may remain elevated
during December. Looking ahead Eurozone final service/composite PMI is released
at 0900GMT with little changed expected from flash of 56.2/57.5 respectively.
MNI PINCH see markets pricing a 23% chance of a 10bp deposit rate hike in Dec
2018, 1y/1y Eonia +0.2bp at -24.8bp & following levels in short-end Eonia Curve.
* 6-mth -0.1bp at -0.342%
* 9-mth unch at -0.343%
* 12-mth unch at -0.343%
* 15-mth unch at -0.34%
* 18-mth +0.1bp at -0.329%
* 21-mth unch at -0.315%
* 2-yr unch at -0.296%
* 3-yr +0.1bp at -0.196%

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.