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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 market continues to sell-off on
expectations interest rates will rise quicker in the US. Looking ahead little
further data from the Eurozone today, so attention will be on comments from ECB
Mersch, Praet and Lautenshlaeger this morning. MNI PINCH see a 35% chance of a
10bp hike in Dec up from 22% seen Tuesday, 1y/1y Eonia 1bp higher at -11.3bp &
following levels in short-end Eonia Curve.
* 6-mth +0.1bp at -0.354%
* 9-mth +0.2bp at -0.351%
* 12-mth +0.3bp at -0.344%
* 15-mth +0.5bp at -0.327%
* 18-mth +0.6bp at -0.301%
* 21-mth +0.6bp at -0.268%
* 2-yr +0.6bp at -0.228%
* 3-yr +1bp at -0.037%

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