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MNI Europe Pi (Positioning Indicator): Bund...>

BONDS
BONDS: MNI Europe Pi (Positioning Indicator): Bund And Gilt Long Positions
Unwinding: 
- Futures markets are getting more bearish on core EGBs, with positioning in
German bonds shifting markedly shorter since mid-August.
- Net longs in Bunds were reduced last week, with the structural position now
flat versus very long in early August.
- With Gilt longs being reduced in the past week, positioning has gone flat,
compared with net long most of the summer.
- The recent rally in BTPs appears to have led to short covering, with
positioning moving to flat from net short over the past few weeks.
- For complete report see email or visit https://tinyurl.com/MNI-PI-25092018

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