February 12, 2025 12:47 GMT
BONDS: MNI Europe Pi: Long Reduction / Short Setting Continues
BONDS
We've just published our latest Europe Pi positioning analysis - PDF: MNI-PI12022025.pdf
- Structural positioning across most European futures contracts remains relatively flat, with most looking similar to our last full Europe Pi update on Jan 28. Again, this contrasts with longer-leaning positioning at the very end of 2024.
- BTP and OAT stand out for being long and short, respectively, with Buxl (short) the lone German contract not in flat territory.
- We continue to see longs reduced and shorts set across contracts, including over the most recent week of trade.

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