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MNI Europe Pi (Positioning Indicator): Gilts Long Into Roll

BONDS

Despite most bond futures remaining structurally flat since our last biweekly Pi update, the tendency for most contracts has been toward short territory.

  • Three notable exceptions: Schatz and Bobl have moved away from extreme shorts, while Gilt continued to push further into long territory going into the quarterly roll.
  • Analysis emailed to subscribers, PDF link here

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