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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 steeper in early Thursday
morning trading compared to Wednesday's close, as markets looks ahead to
Eurozone final services PMI at 0900BST and then BoE monetary policy decision at
1200BST. Market pricing of interest rate hikes in the Eurozone remain very low
according to MNI PINCH, and market still calculates around a 17% chance of a
10bp rate hike in Mar 2018, and only rising to 33% in June 2018. MNI see 1y/1y
Eonia 0.6bp higher at -23.5bp & following levels in ECB forward dated Eonia.
- Sep-17 0.1bp higher at -0.354%
- Oct-17 unchanged at -0.352%
- Dec-17 unchanged at -0.346%
- Jan-18 0.3bp lower at -0.351%
- Mar-18 0.1bp lower at -0.342%
- Apr-18 0.1bp lower at -0.340%
- Jun-18 0.4bp higher at -0.324%
- Jul-18 0.4bp higher at -0.320%

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