Free Trial

Mostly Flat Positioning Outside Of Germany


Other developments in European bond futures positioning since our last Europe Pi update on June 19:

  • OATs have edged out of structurally short territory, where it spent a brief period earlier in June after flipping from long, and now sit flat . Some long-setting was seen last week.
  • Gilt remains in the short territory it found itself in our last update vs flat for most of the weeks leading up to the late-May contract roll. There was some short cover last week.
  • BTP structural positioning remains flat , where it has spent most of the past 2 months (after a stint in "long" territory in May). The contract saw some short covering last week.

Source: MNI Europe Pi

To read the full story


MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.