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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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