February 12, 2025 18:24 GMT
BONDS: Europe Pi: German Contract Positioning Closely-Bunched At Flat (1/2)
BONDS
From our Europe Pi positioning publication out earlier (PDF):
- German contracts are largely flat (Schatz, Bobl, Bund), with Buxl standing out at short.
- The most recent week saw mostly longs reduced (shorts were set in Bund).
- This is as closely-bunched as German contract positioning has been since September 2024.
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