November 11, 2022 12:41 GMT
MNI Pi Positioning: Plenty Of Long Setting Thursday Amid Huge Rally
Thursday's Eurex open interest data is out - most European bond futures contracts saw higher OI amid yesterday's strong price rally, suggesting mostly fresh longs being set.
- The exceptions were Schatz and Bund which saw OI drop, potentially suggesting some short cover.
- Overall structural positioning is short (Gilt the exception). Our full biweekly Pi positioning update will be published Monday.
Source: MNI, Eurex, BBG