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Europe Pi Update: OAT Dips Into Short Territory As OI Rises (2/2)

BONDS

OATs have entered mildly short structural territory in the past week, with Open interest jumping 6.4% as the 1st contract price fell 258 ticks.

  • Gilts meanwhile have edged away from short territory into flat (where it was for most of the period between mid-March and the quarterly contract roll in late May.
  • BTP remains flat - this is relatively unchanged vs the previous 2+ months.
  • Our next full Europe Pi update will be on Mon Jul 17.

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