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Direxion Daily 20+ Yr Trsy Bear 3X ETF Message Board

  • axaxax43 axaxax43 Jan 28, 2013 9:42 PM Flag

    TMV Price

    Last time the 10year was at 2%, in May, TMV was trading around 70. Now that the 10 year is back near 2%, TMW is trading around 59.
    That is the problem with holding this ETF for the long term. One would lose 15% since May.
    Not good

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    • It is very difficult to find a trading vehicle to short i rates. I have done everything from opening a futures account (MF Global issue with that) to writing options to try and create an instrument. Sometimes I just give up and buy gold or silver hoping for a correlation. The decay you mention is real and a problem since timing is near impossible but the major trend -- easy.

 
TMV
16.13-0.060(-0.37%)Sep 29 8:00 PMEDT