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Bund Completes Reversal From Long To Short; Schatz, Bobl, Buxl Flat (1/2)

BONDS

From our latest MNI Europe Pi Positioning update (out today, PDF here), among German futures contracts:

  • Schatz and Buxl remain in structurally flat positioning, unchanged since our mid-January update.
  • Bobl has bucked the overall trend by moving from very slight short territory to flat currently.
  • And Bund has now completed the reversal from very long positioning in December to short currently.
  • Last week saw mixed trade: Schatz short setting, Bobl/Bund short covering, and Buxl long setting.

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