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

EONIA
EONIA: The front end of the Eonia curve is ever so slightly steeper in early
Wednesday morning trade compared to Tuesday's close as markets turn their focus
to Fed FOMC decision later today. It appears the markets are taking the view
that it will come out on the hawkish side as money market rates have been
ticking lower over the last few days. Key to the markets will be the number of
hikes the Fed expects this year and next. MNI PINCH see a 45% chance of a 10bp
hike in March 2019, 1y/1y Eonia unchanged at -16.3bp & following levels in
short-end Eonia Curve.
* 6-mth unch at -0.359%
* 9-mth unch at -0.357%
* 12-mth unch at -0.353%
* 15-mth unch at -0.343%
* 18-mth +0.1bp at -0.322%
* 21-mth +0.1bp at -0.293%
* 2-yr unch at -0.258%
* 3-yr +0.2bp at -0.088%

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