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MNI Europe Pi Positioning Update: Gilts On Cusp Of Longs

BONDS

A quick update on European bond futures positioning (our full update will be out next Monday):

  • Across the space, last week saw longs reduced and shorts set
  • Gilt remains flat since our update last Tuesday but now on the cusp of long territory
  • Schatz moves from short to very short; Bobl and Bund remain flat, with Buxl remaining very short
  • OAT remains short
  • BTP remains short though off extreme shorts seen previously

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