ProShares Short 20+ Year Treasury ETF (TBF) - NYSEARCA
  • Fri, Jul. 15, 10:19 AM
    • The 10-year Treasury yield continues to make its way back to its pre-Brexit level, up another five basis points to 1.59%. Helping the move today were stronger-than-expected reads on June retail sales and inflation.
    • The 10-year was in the 1.70% area prior to the vote, and dropped to about 1.35% in the days after. TLT -0.7%, TBT +1.4%
    • Short-term rate futures markets are again pricing in a sizable chance of a rate hike this year, roughly 40% at the moment. At one point in early late June, the chance of a rate hike had been pushed all the way back to 2018.
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, SBND, UBT, DLBS, TLO, LBND, VUSTX, TYBS, DLBL
    | Fri, Jul. 15, 10:19 AM | 1 Comment
  • Tue, Jul. 12, 1:31 PM
    • With Europe having mostly erased its post-Brexit declines, and the U.K. and U.S. both higher today than they were prior to the vote, flight-to-safety types are headed for the exits.
    • The U.S. 10-year yield is up by another nine basis points today to 1.52%, its highest level this month. The two-year yield is up five bps to 0.685%, its strongest since the vote. TLT -1.7%, TBT +3.4%
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, SBND, UBT, DLBS, TLO, LBND, VUSTX, TYBS, DLBL
    | Tue, Jul. 12, 1:31 PM | 6 Comments
  • Fri, Jun. 24, 7:41 AM
    • The 10-year Treasury yield has plunged a full 21 basis points to 1.53% after the U.K. voted to leave the EU. It's the largest one-session decline since the panicky late summer of 2011. TLT +3%, TBT -6% premarket
    • Short-term interest rate futures have now begun pricing in a rate cut, with the Oct. 2016 Fed Fund contract at 99.67 three basis points higher than the July contract.
    • The German 10-year Bund yield is down a whopping 17 basis points to negative 0.07%. The U.K. 10-year Gilt yield is off 30 basis points to 1.07%.
    • Yields on the periphery are headed the opposite way - the Italian 10-year is up 14 bps to 1.45%, and Spain is up 12 bps to 1.6%.
    • The 10-year JGB yield is down 5.6 bps to negative 0.196%.
    • Previously: Futures down sharply as Europe crashes post-Brexit (June 24)
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, SBND, UBT, DLBS, TLO, LBND, VUSTX, TYBS, DLBL
    | Fri, Jun. 24, 7:41 AM | 43 Comments
  • Mon, Jun. 20, 12:29 PM
    • The 10-year Treasury yield fell to as low as 1.52% last week after the Fed's surprise retreat from rate-hike talk, but it's returned all the way back to 1.67% after a weekend poll showed support for a Brexit slipping (vote is on Thursday).
    • Was the Fed's dovish shift solely due to Brexit fears? It won't be long before we find out. For now, Fed Funds futures have upped the odds of a rate hike this year - though it's still roughly a zero chance for July, a move at some point in 2016 is just over 50%.
    • TLT -0.95%, TBT +1.9%
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, SBND, UBT, DLBS, TLO, LBND, VUSTX, TYBS, DLBL
    | Mon, Jun. 20, 12:29 PM
  • Thu, Jun. 16, 11:47 AM
    • The yield on the 10-year Treasury earlier fell as much as seven basis points to 1.52% - its lowest level in four years and within sight of its all-time low of 1.39%. It's since bounced back to 1.54%.
    • The two-year Treasury yield is off another seven basis points to 0.66% - its lowest level since the Feb. 11 bottom of 2016's market panic.
    • The Fed's dovish retreat yesterday combined with growing fears of a Brexit (the vote is one week away) are at work.
    • Across the pond, the German 10-year Bund yield is down 1.3 basis points to negative 0.02%, and the Swiss 30-year bond has fallen to negative territory - making that country the first one ever with government bond yields below zero all the way out to 30 years on the curve. U.K. 10-year Gilt yields are down to 1.11%.
    • TLT +0.8%, TBT -1.6%
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, SBND, UBT, DLBS, TLO, LBND, VUSTX, TYBS, DLBL
    | Thu, Jun. 16, 11:47 AM
  • Wed, Jun. 15, 2:16 PM
    • The FOMC stayed on hold as expected, but the "dots" showed a sizable downsizing in expectations for future rate hikes. The policy statement showed no hint of any interest in hiking rates in July. Six Fed members expect just one rate hike in 2016 - that's up from a few weeks ago, when just one saw only a single move this year.
    • 2017 and 2018 Fed Funds rate projections were cut as well.
    • As for GDP, the seers see growth of 2% this year vs. 2.2% expected weeks ago. 2017 is cut to 2% from 2.1%. 2018 remains at 2%.
    • PCE inflation this year is expected to be 1.4% vs. just 1.2% at last projection. 2017 remains at 1.9%, and 2018 at 2%.
    • The 10-year Treasury yield is lower by 3.8 basis points to 1.576%, but the big move is in 2-year yields, which are off a full six basis points to 0.67%.
    • There's partying in the Fed Funds pits, where traders now have priced in just a 50% chance of a rate hike anytime this year.
    • TLT +0.45%, TBT -0.9%
    • Previously: Fed stays on hold, sees fewer future rate hikes (June 15)
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, SBND, UBT, DLBS, TLO, LBND, VUSTX, TYBS, DLBL
    | Wed, Jun. 15, 2:16 PM | 2 Comments
  • Tue, May 24, 10:15 AM
    • Those angling for a hike in interest rates at the June FOMC meeting got a boost to their argument a few minutes ago, as new home sales in April soared way past expectations and to their highest level in eight years.
    • The 10-year Treasury yield is higher by three basis points to 1.864%. TLT -0.6%, TBT +1.2%
    • Short-term rate markets are pricing in about a 40% chance of a June move by the Fed, and a near-100% chance by summer's end. They've also begun pricing in odds of two rate hikes by the end of 2016.
    • ETFs: TBT, TLT, TMV, SHY, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, SBND, BIL, UBT, DLBS, TLO, VGSH, SHV, SCHO, LBND, VUSTX, DLBL, TYBS, SST, DTUS, TUZ, DTUL, RISE
    | Tue, May 24, 10:15 AM | 3 Comments
  • Fri, May 13, 2:31 PM
    | Fri, May 13, 2:31 PM | 6 Comments
  • Mon, May 2, 10:21 AM
    | Mon, May 2, 10:21 AM
  • Fri, Apr. 29, 10:13 AM
    • The Chicago PMI slipped to 50.4 in April from 53.6 previously. Expectations had been for just a marginal decline.
    • The fall was led by New Orders, which dipped to their lowest level since December. Backlogs saw a double-digit decline, and employment fell back into the contraction zone below 50.
    • Production, meanwhile, posted a small rise, while supplier deliveries jumped to the strongest level since October 2014.
    • Chief Economist of MNI Indicators Philip Uglow: “This was a disappointing start to the second quarter ... panelists are now more worried about the impact a rate hike might have on business than they were at the same time last year.”
    • Full report here
    • The 10-year U.S. Treasury yield has dipped a bit since the print, but is still higher by 2 bps on the session to 1.84%. TLT -0.35%, TBT +0.7%.
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, SBND, UBT, DLBS, TLO, LBND, VUSTX, TYBS, DLBL
    | Fri, Apr. 29, 10:13 AM | 14 Comments
  • Tue, Apr. 26, 1:05 PM
    • It's not the news that matters, say traders, it's the way markets react. If so, then long-dated Treasurys are firmly ensconced in a bear move as the 10-year yield climbs to 1.94% despite soft reads this morning on durable goods and consumer confidence.
    • Tomorrow will see the results of the FOMC's two-day meeting, and the policy statement will be studied for clues about the chances of a June rate hike.
    • Also at work is oil - it's up more than another 3% today, and now selling for more than $44 per barrel.
    • TLT -0.35%, TBT +0.7%
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, SBND, UBT, DLBS, TLO, LBND, VUSTX, TYBS, DLBL
    | Tue, Apr. 26, 1:05 PM | 1 Comment
  • Tue, Mar. 15, 9:34 AM
    • Core retail sales fell 0.1% in February, beating expectations for a 0.2% decline, but January's core retail sales was revised from a gain of 0.1% to a drop of 0.4%. On balance, we'll call the report a miss.
    • Lower already, the 10-year Treasury yield dipped another couple of basis points to 1.91% following the print. It's since bounced back to 1.94%, off three basis points on the session.
    • In other economic news, the Empire State Survey printed positive for the first time in eight months, and the FOMC begins its two-day meeting today, at which no change in monetary policy is expected.
    • TLT +0.55%, TBT -1.1%
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, LBND, DLBL, TYBS, VUSTX
    | Tue, Mar. 15, 9:34 AM
  • Tue, Mar. 8, 2:24 PM
    • Equity markets are only down modestly, but Treasury yields are tumbling following brutally weak trade data out of China overnight. The price are crude oil is in retreat as well, off 3.2% to $36.70 per barrel.
    • The 10-year Treasury yield is off a full nine basis points to 1.82% and the 2-year down 4.4 bps to 0.87%.
    • Those yields positively tower over much of the rest of the industrialized globe, particularly Japan, where the 10-year JGB yield slid four basis points to negative 0.099% - a new all-time low.
    • TLT +1.3%, TBT -2.6%
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, LBND, DLBL, TYBS, VUSTX
    | Tue, Mar. 8, 2:24 PM
  • Wed, Mar. 2, 8:31 AM
    • Private-sector payrolls gained 214K in February, according to the ADP. That's against expectations for a 185K gain and January's addition of 193K (revised down from 205K).
    • December's originally-reported 257K job gain was revised higher to 287K, and November's 217K gain revised down to 193K.
    • The average job gain over the past three months of 231K compares to 180K in the previous three months. Should Treasury bulls reassess their positions?
    • The 10-year Treasury yield jumped in the immediate aftermath of the report, but is now just one basis point higher at 1.84%. TLT +0.1% premarket
    • Full report
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, LBND, DLBL, TYBS, VUSTX
    | Wed, Mar. 2, 8:31 AM | 6 Comments
  • Wed, Feb. 24, 10:17 AM
    • Manufacturing isn't of great import in today's U.S. economy goes the bullish argument alongside the fall of manufacturing PMIs into contraction zone.
    • What then to make of the services PMI diving to 49.8 in February from 53.7 the previous month (and vs. expectations for no change)?
    • Alongside that was a far steeper than expected decline in new home sales in January.
    • The S&P 500 is lower by 1.3% and the Nasdaq by 1.5%.
    • The 10-year Treasury yield has tumbled all the way to 1.66%. TLT +1.2%, TBT -2.4%
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, LBND, DLBL, TYBS, VUSTX
    | Wed, Feb. 24, 10:17 AM | 8 Comments
  • Fri, Feb. 19, 8:51 AM
    • Core CPI was up a perky 0.3% in January vs. 0.2% in December and 0.2% expected. On a year-over-year basis, core CPI gained 2.2%, while overall CPI was higher by 1.4%.
    • In other fixed-income related news, hawkish Cleveland Fed boss Loretta Mester doesn't disappoint her fans, saying the economy remains strong and she continues to expect a gradual series of rate increases.
    • Lower earlier, the 10-year Treasury yield is now up four basis points to 1.78%. TLT -0.15%, TBT +0.3% premarket
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, LBND, DLBL, TYBS, VUSTX
    | Fri, Feb. 19, 8:51 AM | 8 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
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