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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 Friday
morning trading compared to Thursday's close, with little direction seen
overnight and ahead of key US non-farm payroll data later today. Markets did not
react to the non-hawkish take on BoE as market pricing of interest rate hikes in
the Eurozone remain very low according to MNI PINCH, with markets seen reluctant
to push them even lower. 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
unchanged at -24.5bp & following levels in ECB forward dated Eonia.
- Sep-17 0.1bp higher at -0.354%
- Oct-17 unchanged at -0.353%
- Dec-17 0.1bp lower at -0.346%
- Jan-18 unchanged at -0.344%
- Mar-18 0.1bp lower at -0.343%
- Apr-18 unchanged at -0.341%
- Jun-18 0.1bp lower at -0.326%
- Jul-18 0.1bp lower at -0.322%

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