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MNI Europe Pi (Positioning Indicator): BTP And Buxl Diverge

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We've just published latest Europe Pi - available on our website, and emailed to clients.
  • Our first update since the Mar-Jun contract roll shows BTP positioning heading deeper into "short" territory, with long-end German contracts moving steadily away from "flat" toward "long" territory.
  • Overall though, positioning remains broadly flat/short across the space, with shorts set and longs reduced in the last week.

Source: MNI Pi

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