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German Contracts Mostly Short, With Mixed Trade Last Week (1/2)

BONDS

Per our Europe Pi Positioning update out earlier today: Schatz is back at flat after a brief spell as the only German contract in long territory.

  • The rest of the German space remains structurally short however: Bobl remains short, while Bund has shifted to merely short from very short, and Buxl moving in the opposite direction at very short vs short previously.
  • Trade last week was mixed, with longs set in Schatz and Buxl, and longs reduced in Bobl and Bund.


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