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

EONIA
EONIA: The front end of the Eonia curve is marginally steeper early Friday
morning trade compared to Thursday's close as markets react to stage one of
Brexit negotiations being agreed and EONIA fixing remaining at elevated levels
dropping by only 0.1bp to -0.327%. German trade balance was weaker than
expected, however French industrial production jumped by 1.9% m/m. Little
further data from the EMU so attention will turn to US payroll data. MNI PINCH
see markets pricing only a 12.5% chance of a 10bp deposit rate hike in Dec 2018,
1y/1y Eonia +0.1bp at -25.7bp & following levels in short-end Eonia Curve.
* 6-mth unch at -0.337%
* 9-mth unch at -0.34%
* 12-mth unch at -0.342%
* 15-mth +0.1bp at -0.34%
* 18-mth +0.1bp at -0.331%
* 21-mth unch at -0.318%
* 2-yr +0.1bp at -0.3%
* 3-yr +0.5bp at -0.198%

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