Free Trial

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 as German 2nd estimate of Q2 GDP
comes in unrevised at 0.6% q/q and markets look ahead to comments from Fed Chair
Yellen and ECB President Draghi at Jackson Hole. Before then there are German
IFO numbers at 0800GMT with expectations seen slipping to 106.8 from 107.3.
Market calculates around a 7.5% chance of a 10bp rate hike in Mar 2018, and only
rising to 25.5% in June 2018. MNI see 1y/1y Eonia 0.1bp lower at -25.8bp &
following levels in ECB forward dated Eonia.
- Sep-17 0.1bp lower at -0.354%
- Oct-17 unchanged at -0.353%
- Dec-17 0.1bp lower at -0.351%
- Jan-18 0.1bp lower at -0.355%
- Mar-18 unchanged at -0.351%
- Apr-18 unchanged at -0.350%
- Jun-18 unchanged at -0.335%
- Jul-18 unchanged at -0.333%

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.