Free Trial



(H2) Resumes Its Uptrend


Effective Fed Funds Rate


(H2) Approaching The Bull Trigger


Mann on the path

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

With 1st notice for front EGB contracts on Sep 8, the roll is about to begin in earnest (Gilts are complete, chart data below is through Aug 20). We note that contracts are either flat or long as the roll begins - no shorts in sight.

  • GERMANY: Schatz and Buxl come into the Sep/Dec roll with long structural positions, whereas Bobl and Bund are both flat. Longs were reduced for all German contracts in the past week.
  • OAT: Positioning is flat going into the roll (where it has been for several weeks), though it was the only European contract that saw shorts set last week.
  • GILT: Positioning was long going into the roll (which is now complete); we will wait for a few more sessions to update our positioning post-roll.
  • BTP: Positioning is now long, having been very long for most of July/August.

CLICK HERE FOR FULL PDF or use the following link:

MNI London Bureau | +44 203-865-3807 |
MNI London Bureau | +44 203-865-3807 |
Sign up now for free access to this content.

Please enter your details below and select your areas of interest.