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Short Cover And Long-Setting Wednesday Across EGBs And Gilts

BONDS

Yesterday's trade saw a mix of apparent short covering (Schatz, Bund, OAT, Gilt) and long-setting (Bobl, Buxl, BTP) in EGB and Gilt futures based on open interest and price change data.

  • Structural positioning remains short-to-very short across the space, with the exception of structural gilt longs.
  • Our full MNI Pi Positioning update will be out early next week.


Structural Positioning Last Day'sPrice ChangeOI % chg
SchatzVery shortshort cover0.065-0.11%
BoblShortset longs0.480.14%
BundShortshort cover1.44-1.21%
BuxlVery shortset longs3.61.01%
OATShortshort cover1.51-0.53%
BTPVery shortset longs1.531.53%
GiltLongshort cover1.81-2.67%

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