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

EONIA
EONIA: The front end of the Eonia curve is marginally flatter in early Friday
morning trade compared to Thursday's close on slight risk-off flows once again
as Trump announces steel/aluminium tariffs. While German retail sales fell in
January, however import prices ticked higher. Looking ahead there is little data
from the EU today so attention on ECB Mersch and Nowotny comments this morning
and then in the UK comments from BoE Carney and PM May. MNI PINCH see a 22.5%
chance of a 10bp hike in Dec, 1y/1y Eonia 0.3bp lower at -13.8bp & following
levels in short-end Eonia Curve.
* 6-mth unch at -0.355%
* 9-mth +0.1bp at -0.352%
* 12-mth -0.1bp at -0.347%
* 15-mth unch at -0.333%
* 18-mth unch at -0.31%
* 21-mth -0.1bp at -0.279%
* 2-yr -0.1bp at -0.241%
* 3-yr -0.4bp at -0.07%

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