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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 US is said to offer Canada and
Mexico an initial 30-day exemption from tariffs if they can agree a NAFTA trade
deal. The offer is also said to be extended to other countries if it served in
US interests. Main event today will be ECB monetary policy meeting & press
conference. Views are mixed if ECB tweak its forward guidance but majority see
growth & CPI revised higher. MNI PINCH see a 22% chance of a 10bp hike in Dec,
1y/1y Eonia 0.4bp higher at -12.5bp & 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 -0.347%
* 15-mth +0.2bp at -0.332%
* 18-mth +0.2bp at -0.308%
* 21-mth +0.3bp at -0.274%
* 2-yr +0.4bp at -0.235%
* 3-yr +0.2bp at -0.058%

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