ProShares UltraShort 20+ Year Treasury ETF (TBT) - NYSEARCA
  • Fri, May 13, 2:31 PM
    | Fri, May 13, 2:31 PM | 6 Comments
  • Fri, May 6, 3:30 PM
    • It's still a "reasonable expectation" that the Fed will hike rates twice this year, says FRBNY Bill Dudley, rushed out by the central bank to play bad cop after this morning's disappointing jobs report.
    • Calling the report "a touch softer," Dudley says it's not going to get a lot of weight in altering his economic outlook.
    • Earlier: Goldman pulls its expectation for a June rate hike, and Barclays shaves its estimate of Fed moves this year to one from two.
    • Meanwhile, Treasurys have been unable to hold early gains, and the 10-year yield is up 3 basis points to 1.78%. TLT -0.35%, TBT +0.7%
    | Fri, May 6, 3:30 PM
  • Fri, May 6, 8:47 AM
    • U.S. stock index futures have about doubled losses since April's jobs report, with the S&P 500 (NYSEARCA:SPY) and Nasdaq 100 (NASDAQ:QQQdown 0.55%, and DJIA (NYSEARCA:DIAdown 0.5%.
    • 160K jobs were added in April vs. expectations for 202K. The unemployment rate held steady at 5% as the labor force participation rate fell to 62.8% from 63%.
    • The 10-year Treasury yield is lower by 2.5 basis points to 1.72%. TLT +0.3%, TBT -0.6%.
    • The dollar (UUP, UDN) is all over the place - knee-jerking sharply lower as the numbers hit at 8:30, but now back to where it was prior to the report, down marginally on the session.
    • Previously: Jobs disappoint; UE rate steady thanks to dip in labor force participation (May 6)
    • Previously: April jobs numbers fall short (May 6)
    | Fri, May 6, 8:47 AM | 19 Comments
  • Wed, May 4, 8:25 AM
    • Just 156K private-sector jobs were added in April, according to ADP, the weakest number going back at least one year (though July 2015 was 158K). Expectations were for 193K.
    • Checking revisions, the past three months are all lower: March's 200K gain was revised down to 194K, February's 214K was cut to 207K, and January's 205K was lowered to 193K.
    • Back to April: Service-producing sector jobs rose 166K, and the goods producing lost 11K, led by a 13K drop in manufacturing jobs.
    • Treasurys have added to gains, with TLT +0.4% and TBT -0.8% premarket. The 10-year yield is down two basis points at 1.78%.
    • Full report
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, SBND, UBT, DLBS, TLO, LBND, VUSTX, TYBS, DLBL
    | Wed, May 4, 8:25 AM | 23 Comments
  • Tue, May 3, 10:11 AM
    • The Dow (NYSEARCA:DIA), S&P 500 (NYSEARCA:SPY), and Nasdaq (NASDAQ:QQQ) are all down 1% or more in the early going, with renewed global growth fears as good of an excuse as any. China overnight reported weaker-than-hoped manufacturing data, Australia surprised with a rate cut, and the EU was out with dour growth/inflation forecasts.
    • What's working today? Apple is higher by 0.4% after what sniffs of a panicky move by its CEO Tim Cook to appear on CNBC's Mad Money. via Jeff Matthews ... Scariest Sentence You'll Ever Hear Dept: "I think the long-term thesis is intact" on China. Home gamers will know Cook last appeared on the show a bit more than a year ago. Apple was a $130 stock then.
    • Money is flocking into government paper, with the U.S. 10-year Treasury yield lower by 8.5 basis points to 1.79%. TLT +1.5%, TBT -3%
    | Tue, May 3, 10:11 AM | 16 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
  • Thu, Apr. 28, 8:46 AM
    • GDP growth in Q1 was its slowest in two years at just 0.5% (annualized), and missed consensus forecasts for 0.7%. Growth in Q4 was 1.4%.
    • Gross domestic purchases, however, was a stronger 0.9%, though slowed from Q4's 1.5%. In addition, the Fed's favored inflation measure - the core PCE price deflator - rose by a speedy 2.1%, the fastest pace since Q1 of 2012.
    • Dragging down the headline was net trade, which subtracted 0.33% from growth amid a strong dollar. Fixed investment was a drag on growth  for the first time since Q1 of 2011.
    • Yields are more or less as they were prior to the 8:30 ET print, marginally lower on the session.
    • TLT flat, TBT flat premarket
    | Thu, Apr. 28, 8:46 AM
  • Wed, Apr. 27, 2:14 PM
    • The S&P 500 is still flat and the Nasdaq still down nearly 1% following an FOMC statement that we'll call a hawkish/dovish wash. Policymakers did remove a line about risks from global economic and financial developments, but downgraded their view of consumer spending. They also removed a reference to inflation looking like it's picking up.
    • The 10-year Treasury yield adds one basis point since the news, now off 3 bps on the session to 1.90%. TLT +0.6%, TBT -1.2%
    • The dollar remains about flat on the session, as does gold.
    | Wed, Apr. 27, 2:14 PM | 1 Comment
  • 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
  • Mon, Apr. 25, 12:04 PM
    • “There is a strong feeling of déjà vu in markets right now,” says UBS's Jeff Greenberg, commenting on what's become an annual rite - a move up in interest rates as investors become convinced economic and geopolitical concerns are off the table. "The similarities in some markets are uncanny."
    • After falling to nearly 1.50% at the lows in mid-February, the 10-year Treasury yield has shot up to 1.90%. Similar moves are evident in government bond markets overseas - Germany, for instance, has seen its 10-year Bund yield rise to 0.23% from 0.08%.
    • Fans will be reminded of last year when the Bund yield shot all the way to 1% from 0.07% before a quick reversal.
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, SBND, UBT, DLBS, TLO, LBND, VUSTX, TYBS, DLBL
    | Mon, Apr. 25, 12:04 PM | 3 Comments
  • Wed, Apr. 20, 11:27 AM
    | Wed, Apr. 20, 11:27 AM
  • Tue, Apr. 12, 3:41 PM
    • The IMF cut its global and U.S. growth forecasts yet again, and a couple of Fed speakers stressed the need for caution with rate hikes, but it's a risk-on session, with stocks up 1% and oil up 4.2% to a new 2016 high.
    • The 10-year Treasury yield is ahead five basis points to 1.78%. TLT -0.8%, TBT +1.6%
    • It may be a buying opportunity, as BlackRock CIO for fixed income Jeffrey Rosenberg tells Bloomberg U.S. rates may look low, but they're actually pretty high when compared to the rest of the developed world.
    | Tue, Apr. 12, 3:41 PM
  • Thu, Apr. 7, 3:21 PM
    • The 10-year Treasury yield is lower today by seven basis points to 1.69%, a level last seen in mid-February - right around the time of the year's panicky start.
    • The move comes as stocks have one of their worst sessions since that bottom, with the S&P 500 down 1.35%.
    • The iShares Barclays 20+ Year Treasury Bond ETF (NYSEARCA:TLT) is higher today by 1.2% and for the year by 10.1%. It's levered short cousin and consistent consumer of capital TBT is down 2.3% today and 20% YTD.
    • Now read: TBT Is The Best Inverse Bond ETF On The Market
    | Thu, Apr. 7, 3:21 PM | 7 Comments
  • Wed, Apr. 6, 2:36 PM
    • The minutes didn't unveil any big surprises, especially given the Fed's updated projections that were released alongside the mid-March meeting, Janet Yellen's post-meeting press conference, and then her dovish remarks last at a speech last week.
    • Clearly shaken up by the volatility that took hold after their initial hike in December, the Fed is going to be very cautious about any more monetary tightening. Barring major unforeseen circumstances, a rate hike in late April doesn't appear likely, but June will surely be a "live" meeting.
    • The 10-year Treasury yield is higher by three basis points to 1.76% and 30-Day Fed Funds Futures point to about a one-in-three chance of a 25 basis point move in June.
    • TLT -0.7%, TBT +1.4%
    • Now read: Why It's (Seemingly Always) Time To Buy Treasuries
    | Wed, Apr. 6, 2:36 PM
  • Fri, Apr. 1, 11:25 AM
    • The relationship between the Citigroup U.S. Economic Surprise Index and the 10-year Treasury yield has been a pretty steady one - when one rises, so does the other. There's been a divergence of late though, with the data since the year began consistently topping expectations, but the Treasury yield falling.
    • The Bondvigilantes wonder whether it's dovish Fed rhetoric knocking maybe 60 basis points from 10-year yields.
    • Also maybe at work are the actions of global central banks - benchmark rates in Europe and Japan are below zero, the German 10-year Bund yield is 0.15%, and 10-year JGBs are at negative six basis points! Even Italian 10-year yields are at 1.22%. By comparison, the 10-year U.S. Treasury near 2% is positively towering.
    • ETFs: TBT, TLT, TMV, IEF, TBF, EDV, TMF, PST, TTT, ZROZ, VGLT, TLH, SBND, IEI, TYO, UBT, UST, DLBS, DTYS, TLO, VGIT, TBX, SCHR, ITE, GSY, LBND, TYD, DTYL, VUSTX, DLBL, TYBS, DFVL, TBZ, DFVS, TYNS
    | Fri, Apr. 1, 11:25 AM | 9 Comments
TBT Description
ProShares UltraShort 20+ Year Treasury seeks daily investment results, before fees and expenses and interest income earned on cash and financial instruments, that correspond to twice (200%) 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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