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

EONIA
EONIA: The front end of the Eonia curve is bull steepening in early Thursday
morning trade compared to Wednesday's close as markets react to FMOC raising
rates last night and unchanged dot plot curve. While the Eonia fixing dropped by
1.5bp last night to -0.36% and lowest level since Nov 28. Markets will be eyeing
Eurozone flash PMIs at 1000GMT before turning their attention to ECB policy
meeting. ECB widely expected to keep policy unchanged with focus on ECB staff
forecasts. MNI PINCH see a 29% chance of a 10bp rate hike in Dec 2018, 1y/1y
Eonia is 0.1bp lower at -24.7bp & following levels in short-end Eonia Curve.
* 6-mth -0.5bp at -0.348%
* 9-mth -0.5bp at -0.349%
* 12-mth -0.4bp at -0.348%
* 15-mth -0.3bp at -0.343%
* 18-mth -0.2bp at -0.332%
* 21-mth -0.1bp at -0.316%
* 2-yr -0.2bp at -0.296%
* 3-yr unch at -0.193%

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