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CORRECTION. 'RXZ8 to RXZ7'. Hearing talk of....>

EGBS
EGBS: CORRECTION. 'RXZ8 to RXZ7'. Hearing talk of the large (30k) decline in the
RXZ7 Bund open interest from last Wednesday to Friday that given the rally in
the market, makes it look as though the leg was a short-covering wave. There
were some very small early rolls, that does not significantly offset the 30k OI
decline. - Earlier last week, the same could be said for the BTP contract as the
IK open interest dipped from 354,560 on 30th to 346,113, which can't be
explained away by early rolls.

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