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***Latest one week changes in Sep-17 open......>

EGBS
EGBS: ***Latest one week changes in Sep-17 open interest versus market
direction.
*....................Pr Chnge 1wk...OI Chng 1wk..Trade
*Schatz..................0.05........1.4%........set longs
*Bobl....................0.01.......-1.3%........short cover
*Bund...................-0.15.......-0.7%........reduce long
*Buxl...................-0.48.......-0.5%........reduce longs
*BTP....................-0.36........1.2%........set shorts
*OAT....................-0.26........2.7%........set shorts
*Gilts...................0.00.......14.5%........calendar?
- The Gilt future has seen an explosion of OI in front and back months over the
past week. On Wednesday, there was a large Sep/Dec roll sold in 50k. This looks
like a trade that needs reversing. 
- In the OAT market, it looks as if shorts have been set lately. 

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