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

EONIA: The front end of the Eonia curve is marginally steeper in early Thursday
morning trade compared to Wednesday's close as Fed continues to project a
gradual rise in rates, while Eonia fixing jumps higher by 1.4bps to -0.356%. In
the Eurozone, final service/composite PMIs are released this morning but are
unlikely to impact markets too much, so attention to remain on US and release of
ADP numbers and initial jobless claims. MNI PINCH see a 46% chance of a 10bp
rate hike in Dec 2018, 1y/1y Eonia is 0.3bp higher at -17.2bp & following levels
in short-end Eonia Curve.
* 6-mth unch at -0.345%
* 9-mth +0.1bp at -0.341%
* 12-mth +0.1bp at -0.334%
* 15-mth +0.1bp at -0.324%
* 18-mth +0.2bp at -0.306%
* 21-mth +0.2bp at -0.282%
* 2-yr +0.3bp at -0.253%
* 3-yr +0.8bp at -0.118%

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