Free Trial

Europe Pi Positioning Update: Gilts Flat Into Rolls

BONDS

With the Jun>Sep Gilt roll starting to get underway (First Notice date is May 30); a quick check of MNI Pi structural positioning sees Gilt at "flat" as of May 22, unchanged from our most recent full Pi update on May 15. Shorts were set in the most recent week.

  • Eurex contract rolls get underway a little later this month, ahead of the June 8 deadline. There we see structural longs in Bund and OAT, with Buxl the lone short in Europe Pi (Schatz, Bobl, BTP are flat). The most recent week saw mainly long reduction across the space.
  • We'll update Eurex Pi this Friday to provide plenty of time ahead of the rolls.


To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.