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

EONIA: The front end of the Eonia curve is little changed in early Wednesday
morning trade compared to Tuesday's close, as markets look ahead to key ECB GC
monetary policy meeting tomorrow. Chance of deposit rate hike in December ticked
higher yesterday as markets faded expectations of a dovish taper, with all eyes
on the length QE will be extended and for how much. According to MNI PINCH
markets only price in a 27% chance of a 10bp deposit rate hike in Sep 2018. MNI
see 1y/1y Eonia 0.1bp lower at -24.5bp & following levels in ECB forward dated
* Oct-17 unch at -0.353%
* Dec-17 -0.1bp at -0.352%
* Jan-18 unch at -0.351%
* Mar-18 +0bp at -0.348%
* Apr-18 +0.3bp at -0.352%
* Jun-18 +0.2bp at -0.351%
* Jul-18 -0.1bp at -0.349%
* Sep-18 +0.1bp at -0.335%

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