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Bobl, Bund, Buxl Move Away From (Extreme) Short Positioning ... (1/2)

BONDS

From our latest MNI Europe Pi Positioning update (PDF here).:

  • In Germany, Schatz structural positioning remains short, but that contract is the only German non-mover in our latest update.
  • Bobl has shifted to flat from very short, with Bund also flat, having been short in our last update.
  • Buxl positioning has shifted to merely short from very short, and stand out among all contracts with trade last week indicative of long setting (short cover was seen in all others).

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