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

EONIA: The front end of the Eonia curve is little changed in early Monday

morning trading compared to Friday's close as the front end seems to be

supported by likely hood rates in Eurozone will remain lower for just that

little bit longer. While markets also digest a WSJ article overnight that says

that ECB President Mario Draghi could talk about end of QE at Jackson Hole later

this week. Market calculates around a 7% chance of a 10bp rate hike in Mar 2018,

and only rising to 23.5% in June 2018. MNI see 1y/1y Eonia 0.3bp higher at

-25.2bp & following levels in ECB forward dated Eonia.

- Sep-17 0.1bp lower at -0.354%

- Oct-17 0.1bp lower at -0.354%

- Dec-17 0.2bp lower at -0.352%

- Jan-18 0.4bp lower at -0.355%

- Mar-18 unchanged at -0.351%

- Apr-18 0.1bp lower at -0.350%

- Jun-18 0.1bp lower at -0.335%

- Jul-18 0.1bp lower at -0.333%