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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 Wednesday morning trade compared to Tuesday's close, with little market
direction seen overnight. Looking ahead ECB Draghi speaks in Frankfurt shortly
after 0900BST but  is unlikely to shed any light on monetary policy, therefore
focus likely on UK labour data. According to MNI PINCH markets only price in a
16% chance of a 10bp deposit rate hike in Sep 2018. MNI see 1y/1y Eonia 0.2bp
lower at -27.1bp & following levels in ECB forward dated Eonia.
Oct-17 unch at -0.353%
* Dec-17 -0.1bp at -0.35%
* Jan-18 -0.1bp at -0.35%
* Mar-18 -0.1bp at -0.348%
* Apr-18 +0.1bp at -0.358%
* Jun-18 unch at -0.355%
* Jul-18 -0.2bp at -0.351%
* Sep-18 -0.4bp at -0.344%

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