Free Trial

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

EONIA
EONIA: The front end of the Eonia curve is modestly flatter in early Monday
morning trade compared to Friday's close as markets react to the inconclusive
Italy elections and the SPD agreeing to a grand coalition in Germany. While
fears of a trade war tick higher following President Trump threats to impose
taxes on EU made cars if the EU retaliates against its steel/aluminium tariffs.
Looking ahead final service PMIs are released this morning. MNI PINCH see a 20%
chance of a 10bp hike in Dec, 1y/1y Eonia 1.2bp lower at -14.8bp & following
levels in short-end Eonia Curve.
* 6-mth -0.1bp at -0.355%
* 9-mth -0.1bp at -0.353%
* 12-mth -0.1bp at -0.348%
* 15-mth -0.3bp at -0.335%
* 18-mth -0.3bp at -0.313%
* 21-mth -0.4bp at -0.283%
* 2-yr -0.5bp at -0.247%
* 3-yr -1.6bp at -0.081%

To read the full story

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.