Free Trial

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

EONIA
EONIA: The front end of the Eonia curve is trading mixed, curve little changed
in early Tuesday morning trade compared to Monday's close, with little direction
seen in the money markets overnight. Looking ahead Eurozone final Sep CPI data
is released at 1000BST but is seen remaining at 1.5% y/y. While German Oct ZEW
is released at 1000BST as well. According to MNI PINCH markets only price in a
18% chance of a 10bp deposit rate hike in Oct 2018. MNI see 1y/1y Eonia 0.2bp
higher at -26.8bp & following levels in ECB forward dated Eonia.
* Oct-17 unch at -0.353%
* Dec-17 +0.1bp at -0.351%
* Jan-18 unch at -0.352%
* Mar-18 unch at -0.347%
* Apr-18 -0.3bp at -0.355%
* Jun-18 unch at -0.354%
* Jul-18 unch at -0.35%
* Sep-18 -0.3bp at -0.344%

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.