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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 once again in early
Thursday morning trade compared to Wednesday's close, as markets look ahead to a
raft of ECB speakers scheduled for today. However, 2 doves and 2 hawks speak
during the day and so could cancel each other out and leave front end of money
markets little changed. According to MNI PINCH markets only price in a 15%
chance of a 10bp deposit rate hike in Dec 2018. MNI see 1y/1y Eonia -0.1bp at
-28.8bp & following levels in short-end Eonia Curve.
* 6-mth unch at -0.357%
* 9-mth unch at -0.356%
* 12-mth unch at -0.355%
* 15-mth unch at -0.353%
* 18-mth unch at -0.347%
* 21-mth unch at -0.336%
* 2-yr unch at -0.321%
* 3-yr +0.1bp at -0.234%

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