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MNI Europe Pi (Positioning Indicator) -.......>

BONDS
BONDS: MNI Europe Pi (Positioning Indicator) - Flat-To-Short In Germany: 
- In our first post-Sep roll update (from U to Z contracts), we see European
futures have emerged with mixed positioning, with BTPs most long and Buxl going
increasingly short. 
- The entire German curve saw short covering last week, though overall
positioning remains flat-to-short.
- For full analysis, see email that has just gone out to Analysis subscribers,
or contact us.

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