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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 Thursday
morning trade compared to Wednesday's close as Eonia fixing dropped by 0.5bp
last night to -0.355% as markets see a little bit of volatility ahead of long
Christmas weekend and month/year-end. While French manufacturing confidence
ticks lower. Little further data from the EU today so attention likely to turn
to US 3rd reading of Q3 GDP this afternoon. MNI PINCH see a 42% chance of a 10bp
rate hike in Dec 2018, 1y/1y Eonia is 0.1bp higher at -21.8bp & following levels
in short-end Eonia Curve.
* 6-mth unch at -0.349%
* 9-mth +0.1bp at -0.347%
* 12-mth unch at -0.343%
* 15-mth +0.2bp at -0.334%
* 18-mth +0.1bp at -0.318%
* 21-mth +0.1bp at -0.297%
* 2-yr +0.1bp at -0.271%
* 3-yr +0.5bp at -0.139%

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