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Bobl The Lone "Short" In Europe Pi; Schatz/Bund/Buxl Flat (1/2)

BONDS

From our latest Europe Pi bond futures positioning analysis out earlier today (PDF here):

  • In Germany, Schatz and Bund have both pulled back from long structural positioning, and are now flat.
  • They join Buxl which has been in flat territory for most of the past 6 months.
  • Bobl remains in short structural positioning, once again the only short in Europe Pi.
  • Last week saw short covering in Schatz, with longs reduced in each of the other 3 German contracts.


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