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MNI Europe Pi (Positioning Indicator): Gilt Shorts Reverse

BONDS
Structural bond futures positioning has shifted only slightly since our last biweekly update on Oct 17, with the overall bias toward flat/short positioning.
  • The main standout move is in Gilts: after multi-year extremes in shorts were set in late Sep/early Oct, the contract has moved to joint-longest (in this case, flat) in our matrix.
  • Full analysis already emailed to subscribers and available here.

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