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Germany: Schatz Completes Journey To Long From Short Positioning (1/2)

BONDS

Schatz is the most notable mover among German contracts per our latest MNI Europe Pi update, completing the journey from solid structurally long positioning in early September, to short currently.

  • Bobl has shifted to very short from short while Bund and Buxl remain respectively short and very short.
  • Last week saw longs liquidated in Schatz, with shorts set among the other contracts.

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