June 20, 2022 16:03 GMT
MNI Europe Pi (Positioning Indicator): BTP Shorts Dissipate
BONDS
Our latest MNI Pi Positioning Indicator has just been published (available on our website):
- Futures contracts have come out of the Jun-Sep roll (for most EGBs, peaking from end-May through first week of Jun) in mixed fashion.
- BTPs notably moved away from long-standing short territory, with OATs and Bobl structural positioning moving increasingly short.
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