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Gilt Positioning Remains Long, BTP / OAT Flat (2/2)

BONDS

Outside the German contracts, per MNI Europe Pi:

  • OAT remains in flat structural positioning, where it has been for most of the past half-year. Trade in the most recent week was indicative of short setting.
  • Gilt structural positioning has remained long since our last update. Some short-setting was evident in the most recent week.
  • BTP structural positioning remains flat, with some short cover in evidence in the most recent week of trade.

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