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

EONIA
EONIA: The front end of the Eonia curve is little changed in early Tuesday
morning trading compared to Monday's close, with markets seen looking ahead to
final Eurozone manufacturing PMI at 0900BST and then EMU flash Q2 GDP data at
1000BST. Q2 GDP is forecast at +0.6% q/q the same as Q1, but with risk seen to
the upside. According to MNI PINCH, market now calculates around a 20.5% chance
of a 10bp rate hike in Mar 2018. MNI see 1y/1y Eonia 0.6bp higher at -21.5bp &
following levels in ECB forward dated Eonia.
- Sep-17 unchanged at -0.355%
- Oct-17 0.1bp lower at -0.353%
- Dec-17 0.1bp lower at -0.347%
- Jan-18 0.2bp lower at -0.346%
- Mar-18 unchanged at -0.339%
- Apr-18 unchanged at -0.336%
- Jun-18 unchanged at -0.316%
- Jul-18 unchanged at -0.312%

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