ProShares Short 20+ Year Treasury ETF
 (TBF)

- NYSEARCA
What's your position on ?
Bullish
Bearish
Why are you ish?
Skip
Post
You voted ish on Vote again
Posts appear on the My Feed page of subscribers to this ticker
Last vote:
  • Nov. 20, 2015, 10:39 AM
    • The U.S. economic expansion has many more years to go, says St. Louis Fed President Jim Bullard - strong words considering this particular expansion has already gone about two years past the median length.
    • Bulls on long-dated Treasurys might take heart from Bullard's comments as the central banker typically gets his forecasts wrong (to be fair, the fortune-teller business is a tough one). Indeed, the 10-year Treasury yield slipped to 2.23% from 2.26% since the remarks.
    • Bullard sees unemployment falling into the low-4% range next year, and says monthly job gains need to be no more than 130K to keep up with population growth.
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, TENZ, LBND, DLBL, TYBS, VUSTX
    | Nov. 20, 2015, 10:39 AM | 7 Comments
  • Nov. 18, 2015, 8:47 AM
    • Speaking at the TCH Conference (The Clearing House), Atlanta Fed President Dennis Lockhart says the job market has already met the criteria necessary for tighter monetary policy.
    • He says he was ready to hike rates in September, but decided to defer to the majority of the FOMC.
    • The boost is coming next month, and now it's time to focus on what the pace of rate hikes might look like. According to Lockhart, there's nothing predetermined, but he expects this tightening cycle to be "relatively gradual or shallow."
    • The 10-year Treasury yield is up three basis points to 2.29%.
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, TENZ, LBND, DLBL, TYBS, VUSTX
    | Nov. 18, 2015, 8:47 AM | 20 Comments
  • Nov. 13, 2015, 12:52 PM
    • "Call it the triumph of hope over experience," says HSBC Securities interest rate strategist Larry Dyer. "The consensus forecast, including the Fed, is priced to the idea that nothing bad will happen."
    • He sees the 10-year Treasury yield falling all the way to 1.5% by the end of next year - a full 150 basis points less than the Fed (and most economist) forecasts.
    • As for next month, he expects a rate hike mainly because the Fed has said it would, not because economic fundamentals justify it.
    • The 10-year yield is lower by three basis points today to 2.28% after this morning's soft retail sales and PPI numbers.
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, TENZ, LBND, DLBL, TYBS, VUSTX
    | Nov. 13, 2015, 12:52 PM | 14 Comments
  • Nov. 6, 2015, 8:47 AM
    • Alongside the big October jobs number (271K jobs gained vs. 142K expected), September job gains were revised lower by 5K; August's revised higher by 17K.
    • The average workweek was flat at 34.5 hours. Average hourly earnings rose a big $0.09 to $25.20. They're up 2.5% Y/Y.
    • The labor force participation rate was steady at 62.4% as the headline UE rate fell to 5% from 5.1%. The broader U-6 unemployment rate fell to 9.8% from 10% - one year ago, it was 11.5%.
    • Employment gains were seen across all industries, with the notable exception being the troubled mining industries - down another 5K last month, and now having given up 109K jobs since peaking last December.
    • It's all systems go for a rate hike in one month, and the 10-year Treasury yield is up eight basis points to 2.31%. TLT -0.8%, TBT +1.6%
    • The two-year Treasury yield spikes 8.8 basis points to 0.93%.
    • The January Fed Funds futures contract dips 3.5 basis points to 99.695, now pricing in about a 75% chance of a rate hike before year-end.
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, STPP, FLAT, TENZ, LBND, DLBL, TYBS, VUSTX
    • Previously: Big beat on jobs number (Nov. 6)
    | Nov. 6, 2015, 8:47 AM | 17 Comments
  • Nov. 2, 2015, 10:13 AM
    • The 50.1 read for October is the lowest level since May 2013. September's print was 50.2.
    • Considered more forward-looking, the New Orders sub-index suggests maybe a bottom in the overall ISM, as it rose to 52.9 from 50.1 Production perked up to 52.9 from 51.8.
    • Employment fell to 47.6 (lowest since Aug. 2009) from 50.5; Supplier Deliveries 50.4 vs. 50.2; Backlogs 42.5 vs. 41.5.; Prices 39 vs. 38.
    • Full report
    • Treasury yields are ignoring the soft headline number, maybe instead focused on nice gains in New Orders and Production, or perhaps the melt-up in stock prices in October (best month in four years). The 10-year yield remains higher by two basis points to 2.17%. TLT -0.45%, TBT +0.9%
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, TENZ, LBND, DLBL, TYBS, VUSTX
    | Nov. 2, 2015, 10:13 AM | 2 Comments
  • Oct. 29, 2015, 9:25 AM
    • In its first estimate of Q3 GDP, the government says the economy grew 1.5% during the quarter, down from 3.9% in Q2, but roughly inline with consensus forecasts for 1.6%.
    • Lower gasoline prices seem to be taking effect, with consumer spending rising at a 3.2% annualized pace, and outlays on durable goods up 6.7%.
    • Inventories gained just $56.8B in the quarter after jumping more than $100B in each of the first two quarters.
    • Exports rose 1.9%, and imports 1.8% (held down by the falling price of oil).
    • Inflation remains soft, with PCE prices up 1.2%; core PCE gained 1.3%.
    • While sluggish, an inline number seemingly keeps the Fed on track for a December rate hike. The 10-year Treasury yield is at 2.13% vs. 2.08% prior to the GDP print.
    • TLT -0.6%, TBT +1.2%
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, TENZ, LBND, DLBL, TYBS, VUSTX
    | Oct. 29, 2015, 9:25 AM
  • Oct. 28, 2015, 2:18 PM
    | Oct. 28, 2015, 2:18 PM | 31 Comments
  • Oct. 26, 2015, 10:16 AM
    | Oct. 26, 2015, 10:16 AM
  • Oct. 16, 2015, 4:16 AM
    • U.S. banks are feasting on Treasuries in the latest sign investors expect policy makers to delay raising interest rates.
    • Commercial lenders boosted their holdings to a record $2.15T at the end of last month, translating to a stake almost double the amount owned by China, the biggest U.S. foreign creditor.
    • According to futures data, the probability the Fed will increase rates in December has now dropped to 30% from 70% odds at the beginning of August.
    • The ten-year yield, which dipped below 2% earlier this week, is flat at 2.01%.
    • ETFs: TBT, TLT, TMV, SHY, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, BIL, UBT, DLBS, TLO, PLW, VGSH, STPP, SHV, GOVT, FLAT, SCHO, FTT, TENZ, LBND, EGF, DTUS, DLBL, TYBS, DTUL, SST, TUZ, VUSTX, TAPR, TFLO, USFR
    | Oct. 16, 2015, 4:16 AM | 11 Comments
  • Oct. 14, 2015, 9:07 AM
    | Oct. 14, 2015, 9:07 AM | 6 Comments
  • Oct. 13, 2015, 2:47 PM
    | Oct. 13, 2015, 2:47 PM | 18 Comments
  • Oct. 8, 2015, 3:14 PM
    • The 10-year U.S. Treasury yield initially dove down to 2.06% following the dovish-leaning FOMC minutes, but has now bounced to a session-high 2.11%, up five basis points on the day.
    • HSBC's Steven Major - who has been more right than most on rates - is out with a bold call. He sees the 10-year yield falling all the way to 1.5% by Q3 of 2016 - 140 basis points less than the median strategist forecast.
    • "Data dependency does not easily justify lifting rates from the zero-bound," says Major. "It might suggest the opposite."
    • Also bullish for Treasurys is the ECB, whose QE program isn't going anywhere.
    • Major: "The conventional view has been that a normalization of monetary policy would be led by the Federal Reserve, involve a rise in short rates and a flatter curve ... This has already been proven completely wrong."
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, TENZ, LBND, DLBL, TYBS, VUSTX
    | Oct. 8, 2015, 3:14 PM | 4 Comments
  • Oct. 8, 2015, 5:07 AM
    • What's the next stop for Treasury yields? HSBC just lowered its forecasts, stating the the Fed won't be as aggressive in raising rates and bonds will be supported by accommodative policy from the ECB.
    • The benchmark U.S. 10-year yield has already tumbled 26 basis points since September 16, the day before the Fed left its record low benchmark rate unchanged and stated recent global developments "may restrain economic activity...and are likely to put further downward pressure on inflation."
    • HSBC now sees 10-year Treasury yields ending the year at 2.1% and falling to 1.5% by the end of 2016.
    • Current 10-year Treasury yield -2 bps to 2.03%
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, TENZ, LBND, DLBL, TYBS, VUSTX
    | Oct. 8, 2015, 5:07 AM | 6 Comments
  • Oct. 5, 2015, 3:08 PM
    | Oct. 5, 2015, 3:08 PM
  • Oct. 1, 2015, 10:12 AM
    • The Manufacturing ISM PMI fell to its lowest level in two years in September - 50.2 from 51.1 a month earlier. New Orders fell to 50.1 from 51.7. Production 51.8 from 53.6. Employment 50.5 from 51.2. Supplier Deliveries 50.2 from 50.7. Prices 38.0 from 39.0. Backlogs 41.6 from 46.5.
    • Full report
    • Today's report follows yesterday's Chicago gauge which tumbled into contraction territory. The September jobs report comes tomorrow at 8:30 ET.
    • Higher earlier in the session, the 10-year Treasury yield is now down three basis points to 2.01%. TLT +0.5%, TBT -1%
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, TENZ, LBND, DLBL, TYBS, VUSTX
    | Oct. 1, 2015, 10:12 AM | 19 Comments
  • Sep. 30, 2015, 8:31 AM
    • The ADP reported 200K private-sector jobs added in September versus estimates for 190K, but revisions to prior months were mostly negative. On balance, we'll call the report a slight miss.
    • The 10-year Treasury yield is at 2.08%, up three basis points on the session, but down two bps from before the ADP print.
    • ADP job gains are slowing down. They averaged 185K per month in Q3 versus 202K per month in Q2, 199K per month in Q1, and 263K per month in Q4 of 2014.
    • Full report
    • TLT -0.5%, TBT +1% premarket
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, TENZ, LBND, DLBL, TYBS, VUSTX
    | Sep. 30, 2015, 8:31 AM | 3 Comments
TBF Description
ProShares Short 20+ Year Treasury seeks daily investment results, before fees and expenses and interest income earned on cash and financial instruments, that correspond to the inverse (opposite) of the daily performance of the Barclays Capital 20+ Year U.S. Treasury Index.
See more details on sponsor's website
Country: United States
ETF Hub
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub