|Bid||10.69 x 800|
|Ask||10.77 x 38800|
|Day's Range||10.70 - 11.07|
|52 Week Range||9.39 - 23.70|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||-9.97|
|Expense Ratio (net)||1.02%|
Among the leveraged bond ETFs experiencing elevated activity were the Direxion Daily 7-10 Year Treasury Bull 3X Shares (NYSE: TYD) and its bearish equivalent, the Direxion Daily 7-10 Year Treasury Bear 3X Shares (NYSE: TYO) as well as the Direxion Daily 20+ Year Treasury Bull 3X Shares (NYSE: TMF) and the Direxion Daily 20+ Year Treasury Bear 3X Shares (NYSE: TMV). Some of that action has matriculated into September.
Bond markets rallied as rates plunged, with yields on 30-year Treasury notes dipping to record lows this week. Contrarian investors who believe the gains were overdone may consider some alternative bond-related ...
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.