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

EONIA
EONIA: The front end of the Eonia curve is modestly steeper in early Friday
morning trade compared to Thursday's close as markets continue to digest
yesterday's hawkish ECB minutes. While Eonia fixing raised by 1bp to -0.36%. MNI
PINCH now see a 61.5% chance of a 10bp deposit rate hike in Dec 2018 up from 44%
seen yesterday with first fall hike brought forward to March 2019. Looking ahead
there is little further Eurozone data so attention will turn to US CPI at
1330GMT. 1y/1y Eonia is 0.7bp lower at -12.2bp & following levels in short-end
Eonia Curve.
* 6-mth unch at -0.345%
* 9-mth unch at -0.338%
* 12-mth unch at -0.329%
* 15-mth +0.1bp at -0.314%
* 18-mth +0.2bp at -0.29%
* 21-mth +0.3bp at -0.26%
* 2-yr +0.3bp at -0.226%
* 3-yr +0.7bp at -0.072%

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