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MNI Europe Pi (Positioning Indicator): Mostly Short

BONDS

We've just published our latest MNI Europe Pi positioning indicator analysis (PDF HERE):

  • Structural positioning has shifted across a few contracts since our last Europe Pi on Aug 29 (we did not publish in mid-Sep due to the distortions creaded by the quarterly Eurex roll period).
  • Most contracts sit in structural short territory, vs mostly long/flat late last month.
  • Shorts were set across most of the space last week.

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