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 Monday
morning trade compared to Friday's close despite ECB Weidmann and Knot sounding
optimistic on Eurozone growth and inflation and likely to support claims that QE
will be wound down after September. It is a quiet start to the week in terms of
Eurozone data, however, looking ahead German ZEW is released tomorrow and then
there are the flash PMIs from France, German and Eurozone on Thursday. MNI PINCH
see a 46% chance of a 10bp hike in March 2019, 1y/1y Eonia -0.4bp at -17.8bp &
following levels in short-end Eonia Curve.
* 6-mth -0.1bp at -0.359%
* 9-mth -0.1bp at -0.358%
* 12-mth -0.1bp at -0.355%
* 15-mth -0.1bp at -0.346%
* 18-mth +0.1bp at -0.326%
* 21-mth +0.1bp at -0.299%
* 2-yr unch at -0.266%
* 3-yr -0.2bp at -0.104%

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.