|Bid||44.78 x 900|
|Ask||45.02 x 1800|
|Day's Range||44.85 - 45.38|
|52 Week Range||37.70 - 46.87|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||4.58|
|Expense Ratio (net)||1.10%|
Last month, the yield curve inverted, meaning yields on 10-year Treasuries fell below the yields on 3-month T-bills. Historically, it has taken about six months for recessions to commence following yield curve inversion, but some market observers are betting this time will be different and with the yield curve back to normal some bond funds are benefiting. TMF attempts to deliver triple the daily returns of the ICE U.S. Treasury 20+ Year Bond Index while TYD seeks to deliver triple the daily returns of the ICE U.S. Treasury 7-10 Year Bond Index.
Italian bonds surged on Monday after Fitch Ratings decided to keep the country's bond ratings unchanged, avoiding a potential downgrade to junk status. Italian bond yields reached a fresh low within the past week as Fitch Ratings decided to keep the current BBB rating intact. “Fitch’s affirmation of Italy on Friday evening should take the edge out of downgrade fears for the upcoming Moody’s and S&P reviews,” wrote Commerzbank strategists led by Michael Leister.
The Dow Jones Industrial Average plunged almost 800 points on Thursday followed by another day of sell-offs in U.S. equities with a loss of over 500 points on Friday, confirming that a risk-off sentiment is being highlighted by a flight to government debt--a benefit for leveraged Treasury bull exchange-traded funds (ETFs) like the Direxion Daily 7-10 Year Treasury Bull 3X ETF (TYD) and Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) . It's certainly welcome news for the bond markets as inflows of capital flood the fixed-income space, but to equities investors, it could be a sign of more pain to come. TYD seeks daily investment results equal to 300% of the daily performance of the ICE U.S. Treasury 7-10 Year Bond Index.
For much of 2018, the growth-fueled bull run has seen U.S. equities garner much of the attention compared to bonds--their less exciting capital markets brethren. After washing investors through October's volatility machine, the pattern continues to persist in the capital markets as the Dow Jones Industrial Average began Monday with a 600-point loss as it struggles to recover on Tuesday--a sign that investors should give bonds a closer look--fixed-income exchange-traded funds (ETFs) in particular. As such, traders looking to juice returns on leveraged plays in the Treasury debt space can look to ETFs like the Direxion Daily 7-10 Yr Treasury Bull 3X ETF (TYD) and Direxion Daily 7-10 Yr Treasury Bear 3X ETF (TYO) .
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.