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

EONIA
EONIA: The front end of the Eonia curve is a touch flatter in early Wednesday
morning trading compared to Tuesday's close, with little flow seen overnight to
direct front-end of European markets apart from new record high seen in Eurozone
excess liquidity at E1.742tln. There is also a shortage of EMU data and speakers
today, so markets likely to remain subdued. According to MNI PINCH, market now
calculates around a 17.5% chance of a 10bp rate hike in Mar 2018. MNI see 1y/1y
Eonia 0.1bp lower at -23.9bp & following levels in ECB forward dated Eonia.
- Sep-17 unchanged at -0.354%
- Oct-17 unchanged at -0.352%
- Dec-17 unchanged at -0.346%
- Jan-18 0.1bp lower at -0.346%
- Mar-18 0.1bp lower at -0.342%
- Apr-18 0.2bp lower at -0.339%
- Jun-18 0.2bp lower at -0.324%
- Jul-18 0.3bp lower at -0.320%

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