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BONDS: MNI Europe Pi: German Contracts Remain Structurally Short/Flat (1/2)

BONDS

From our Europe Pi Positioning Analysis (PDF Here)

  • German contracts are in flat/short structural positioning.
  • Bobl remains in short territory (though previously was "very short"), joining Buxl with the "short" designation.
  • Bund has bucked the wider trend, moving to flat from short, while Schatz remains flat.  The most recent week saw shorts set and longs reduced.
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From our Europe Pi Positioning Analysis (PDF Here)

  • German contracts are in flat/short structural positioning.
  • Bobl remains in short territory (though previously was "very short"), joining Buxl with the "short" designation.
  • Bund has bucked the wider trend, moving to flat from short, while Schatz remains flat.  The most recent week saw shorts set and longs reduced.
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