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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 Friday
morning trade compared to Thursday's close as a Bloomberg survey of economists
shows they have brought forward estimate of QE end date and see first change in
forward guidance in March. On Rates the BBG survey showed the deposit rate
rising to -0.25bp by Q2 2019 and increase over next 3-months. MNI PINCH see a
56% chance of a 10bp hike in Dec, 1y/1y Eonia 0.2bp higher at -12.9bp &
following levels in short-end Eonia Curve.
* 6-mth unch at -0.347%
* 9-mth unch at -0.342%
* 12-mth +0.1bp at -0.335%
* 15-mth +0.3bp at -0.32%
* 18-mth +0.1bp at -0.297%
* 21-mth +0.2bp at -0.267%
* 2-yr +0.2bp at -0.233%
* 3-yr +0.7bp at -0.072%

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