|Bid||18.21 x 1000|
|Ask||18.22 x 4000|
|Day's Range||18.00 - 18.23|
|52 Week Range||17.23 - 23.70|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||-9.68|
|Expense Ratio (net)||0.99%|
JP Morgan CEO Jamie Dimon said in a note on Friday that the bank is giving $1 million to Feeding America and United Way Worldwide to provide meals, services, counseling, and other financial aid to help federal workers and their families affected by the government shutdown. With government officials advising unpaid federal workers to take out loans and other forms of credit in the midst of the shutdown, Dimon and JP Morgan decided to take action. "As the government shutdown drags on, I want you to know that we're working hard to help our communities and our customers, just as we do whenever they are struggling.
With the Federal Reserve having raised interest rates three times this year, many fixed income investors are departing long-dated bonds and the related exchange traded funds. Some traders are taking that ...
The Federal Reserve is widely expected to raise interest rates in December, marking the fourth time this year the central bank will have done so. With less than two months left in 2018, fixed income market observers are turning their attention to the Fed's 2019 interest rate plans. “Contracts tied to the Fed’s policy rate that are traded at CME Group’s Chicago Board of Trade pared earlier losses after the Fed slightly downgraded its description of business investment, saying growth had moderated since earlier in the year,” Reuters reports.
"Red October" and "Volatile October" are just a couple of monikers the past month can be aptly named after the capital markets were fueled by sell-offs. The bond market saw its fair share of doldrums as a result of the whipsawing volatility as Treasury yields reached its own highs--a boon for TMV. As bond prices were getting depressed, a movement into short duration by dogpiling into certain bond ETFs for the purposes of hedging benefitted TMV.
As benchmark Treasury yields continue to shoot up as the Labor Department revealed more jobs data on Friday, leveraged bear and inverse Treasury exchange-traded products (ETPs) continued to benefit from the rise. As the Dow Jones Industrial Average fell over 150 points less than an hour before the close of the market, benchmark Treasury yields continued their weeklong ascent with the 10-year note hitting 3.229 and the 30-year settling to 3.403.
While the U.S. economy continues its forward momentum with tailwinds from a strong stock market that has already seen major indexes like the S&P 500 reach record levels, the Federal Reserve is primed to continue hiking the federal funds rate, which is a boon to the Direxion Daily 20+ Yr Trsy Bear 3X ETF (TMV) . TMV seeks daily investment results before fees and expenses of 300% of the inverse of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index. TMV invests in swap agreements, futures contracts, short positions or other financial instruments that provide inverse or short leveraged exposure to the index, which is a market value weighted index that includes publicly issued U.S. Treasury debt securities that have a remaining maturity of greater than 20 years.
Since 1997, Direxion has been providing investment solutions with their innovative ETFs and 20 years later, they have $13.4 billion worth of assets under management. If you haven't already, check out the 5 ETFs below that are trending this week - and are worth keeping an eye on during the second half of 2018. Despite all the talk regarding trade wars with the United States and China, one sector that has been shrugging off the market noise is the biotechnology sector.
Given the current certainties and market risks, ETF investors should construct resilient portfolios to participate on any further upside and hedge the downside. On the recent webcast (available On Demand for CE Credit), Potential ETF Strategies for Today’s (and Tomorrow’s) Markets, Sylvia Jablonski, Managing Director and Institutional ETF Strategist for Direxion and Portfolio+ ETFs, outlined a number of global elements that may influence an investor portfolio, such as the U.S. economy entering late-cycle phase, the Federal reserve moving toward monetary policy normalization, rising interest rates, building inflationary pressures, increasing dispersion amongst sectors, and changing geopolitical climate. "If you’re an investor, you have to believe that markets generally rise over time.
As markets surge and then sputter, the prospects of downside risk loom large in the short term. Yet advisors have to meet the challenge of steering through periods of market volatility, while continuing ...
You won’t find many people willing to argue that the fixed income market has been especially exciting over the past decade, even with the 10-year bond yield’s recent rise above 3 percent for the first time since 2014. You might even ask “Who cares about the bond market with cryptocurrencies, oil on a tear, and the equities market still smoldering? Well, now might be exactly the time to pay attention to that yield, and funds that have exposure (or inverse) to bonds, like Direxion’s Daily 7-10 Year Treasury Bull (NYSE: TYD) and Bear (NYSE: TYO) 3X Shares ETFs or the Daily 20+ Year Treasury Bull (NYSE: TMF) and Bear (NYSE: TMV) 3X Shares ETFs.
Rising yields has resulted in an opportune moment for bond investors to capitalize on beaten-down bond prices in the form of inverse or leveraged inverse ETFs.
Foreign buyers are just not as enamored with U.S. Treasuries as they use to be. The diminished demand could push bond yields higher and weigh on Treasury bonds, along with related exchange traded funds. ...
It’s difficult to pinpoint a single reason for changes to the yield curve’s slope. First, any changes to the Fed’s interest rate immediately impact the yield curve at the short end, and the projections for long-term rates dictate the changes at the long end of the curve. For instance, the recent rate hike at the Fed’s March meeting had varying impacts on the US Treasury yield curve.