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

EONIA
EONIA: The front end of the Eonia curve is steeper in early Wednesday morning
trade compared to Friday's close despite Eonia remaining steady ahead of long
Christmas weekend at -0.353%, as oil and copper jumps higher leading to concerns
that inflation will rise. Markets likely to remain subdued today though due to
limited Eurozone data, upcoming month/quarter/year end and reduced number of
traders at their desks as many extend holiday's until start of New Year. MNI
PINCH see a 66% chance of a 10bp rate hike in Dec 2018, 1y/1y Eonia is 1.3bp
higher at -17.2bp & following levels in short-end Eonia Curve.
* 6-mth -0.1bp at -0.346%
* 9-mth unch at -0.343%
* 12-mth +0.1bp at -0.336%
* 15-mth +0.2bp at -0.326%
* 18-mth +0.2bp at -0.308%
* 21-mth +0.3bp at -0.283%
* 2-yr +0.4bp at -0.254%
* 3-yr +0.8bp at -0.113%

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