ProShares UltraShort 20+ Year Treasury ETF
 (TBT)

- 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:
  • Yesterday, 7:45 AM
    • The global stock market plunge is intensifying this morning, with Europe down nearly 3% and U.S. index futures almost 2%. Hong Kong fell 3.85% after returning from holiday. Shanghai and Tokyo were closed.
    • The 10-year Treasury yield is lower by ten basis points to 1.57%. Maybe even more interesting, the January 2017 contract for Fed Funds futures has risen to exactly the same price as the Feb 2016 contract - meaning traders are putting 100% probability on no Fed rate hikes this year. It'll be even more fun when the Jan 2017 contact moves ahead of Feb 2016 - meaning the pricing in of a chance of a rate cut even as the Fed insists tighter policy is still necessary.
    • Up later is day two of Janet Yellen's Congressional testimony. Will she change for positive tone?
    • TLT +1.65%, TBT -3.3% premarket
    • ETFs: TBT, TLT, TMV, IEF, TBF, EDV, TMF, PST, TTT, ZROZ, TLH, SBND, VGLT, IEI, TYO, UBT, DLBS, DTYS, UST, TLO, VGIT, TBX, SCHR, GSY, TYD, LBND, ITE, DTYL, DLBL, TYBS, VUSTX, DFVL, TBZ, DFVS, TYNS
    | Yesterday, 7:45 AM | 5 Comments
  • Fri, Feb. 5, 8:41 AM
    • Along with 151K jobs gained in January vs. estimates for 190K, December's 292K job gain was revised down to 262K, and November's 252K gain was revised higher to 280K. We'll call the revisions a wash.
    • The unemployment rate fell to 4.9% vs. 5% expected, and the labor force participation rate edged higher to 62.7%.
    • The broader U-6 unemployment rate held steady at 9.9%. It was 11.3% a year ago.
    • The average workweek rose by 0.1 hour to 34.6 hours. Average hourly earnings gained a big $0.12 to $25.39 (more than 5% annualized). On a Y/Y basis, wages were higher by 2.5%.
    • Initially maybe keying on the dip in unemployment and fast wage growth, the 10-year Treasury yield popped to 1.87%, but has since fallen to 1.84%. TLT +0.3%, TBT -0.6% premarket
    • Previously: Payrolls miss, but UE rate dips to 4.9% (Feb. 5)
    | Fri, Feb. 5, 8:41 AM | 5 Comments
  • Tue, Feb. 2, 9:50 AM
    • An early slump in equities and a resumption of the downtrend in oil has money pouring into Treasurys today, with the 10-year yield lower by a full seven basis points to 1.88% - a level not seen since April.
    • Thirty-day Fed Funds futures are now pricing in less than a 100% chance of even one rate hike this year.
    • TLT +1.2%, TBT -2.4%
    | Tue, Feb. 2, 9:50 AM | 3 Comments
  • Fri, Jan. 29, 8:40 AM
    | Fri, Jan. 29, 8:40 AM | 8 Comments
  • Wed, Jan. 27, 2:10 PM
    • The S&P 500 (SPY -0.1%) and DJIA (DIA -0.3%) remain near flat, and the Nasdaq (QQQ -0.9%) modestly lower after the FOMC considerably softens its recent hawkish tone.
    • Trading at 2.05% ahead of the announcement, the 10-year Treasury yield slips to 2.02%. TLT -0.2%, TBT +0.4%
    • Gold adds $6 per ounce to $1,121 - right about its highest level since late October. GLD flat on the session.
    • The dollar (UUP -0.2%) weakens across the board, and is now modestly lower today.
    • Previously: Fed waves white flag (Jan. 27)
    | Wed, Jan. 27, 2:10 PM | 19 Comments
  • Wed, Jan. 20, 8:44 AM
    • With global markets in full retreat and U.S. stock index futures lower by nearly 2%, money is flowing into government paper - the 10-year yield is down nine basis points to 1.97%.
    • Except for a brief flirtation on Friday, 2% hadn't been breached since October, and the yield was about 2.30% when the Fed hiked short-term rates in December.
    • Maybe more frustrating for the central planners at the Eccles Building, the two-year Treasury yield - which they would seemingly have a lot more control of - has plunged to 0.82% from 1.09% in the wake of December's rate hike.
    • FOMC speakers continue to remain on record as promising four rate hikes this year. Futures markets now say one more at most, and Ray Dalio contends the Fed's next move will be to ease. Might the Fed say "uncle" this week?
    • Earlier: December CPI and Housing Starts come in soft.
    • 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, Jan. 20, 8:44 AM | 8 Comments
  • Fri, Jan. 15, 8:52 AM
    • Retail sales unexpectedly slipped in December, and the NY Fed's manufacturing survey shows business activity in that region tumbling at the fastest pace since the Great Recession.
    • Remaining below zero for the sixth straight month, the general business conditions index fell 13 points to -19.4%. New orders plunged a full 17 points to -23.5 and shipments declined 19 points to -14.4. Indexes for the six-month outlook also fell sharply - down 26 points to 9.5, the lowest level since 2009.
    • The 10-year Treasury yield is lower by 11 basis points to 1.99% - its first time below 2% in three months, and now off about 30 basis points since the Fed hiked a month ago. TLT +1.5% premarket, TBT -3%
    • Also helping Treasurys is what is now a 2%+ decline in major U.S. stock index futures. SPY -2.4% premarket
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, LBND, DLBL, TYBS, VUSTX
    | Fri, Jan. 15, 8:52 AM | 50 Comments
  • Wed, Jan. 13, 2:56 PM
    • The day's declines have picked up a good bit of steam, with all of the major averages sitting at session lows a bit more than an hour before the close.
    • The Nasdaq (NASDAQ:QQQ) and Small-caps (NYSEARCA:IWM) are leading the way with declines of more than 3%, while the Dow (NYSEARCA:DIA) and S&P 500 (NYSEARCA:SPY) are off just over 2%.
    • Leading sectors on the downside: Energy (XLE -2.5%) and Financials (XLF -2.4%). What's working? Utilities (XLU), barely.
    • In the green for most of the session, oil is now modestly lower and threatening to head below $30 per barrel.
    • Money is pouring into fixed income, with the 10-year Treasury yield off another five basis points today to 2.05%. It hasn't been below 2% since early October. TLT +1%, TBT -2%
    | Wed, Jan. 13, 2:56 PM | 10 Comments
  • Fri, Jan. 8, 2:50 PM
    • This morning's nonfarm payrolls print was pretty much a blowout, with 292K December jobs vs. 200K expected, and sizable positive revisions to November. The Fed has been right as rain on jobs, but other indicators - including inflation and manufacturing surveys - paint a significantly weaker picture of the economy.
    • A modest overnight bounce in Chinese equities, however, is failing to ignite any sort of rally in the West - with Europe losing nearly another 2% today to complete its worst week in nearly five years, and U.S. stocks giving up near-1% gains.
    • Fed officials, meanwhile, continue to insist the market - which sees just two rate hikes this year - is way too dovish.
    • The 10-year Treasury yield shot up to 2.21% after the strong number this morning, but is currently at 2.13%, off two basis points on the session.
    • ETFs: TBT, TLT, TMV, IEF, TBF, EDV, TMF, PST, TTT, ZROZ, TLH, SBND, VGLT, IEI, TYO, UBT, DLBS, DTYS, UST, TLO, VGIT, TBX, SCHR, GSY, TYD, LBND, ITE, DTYL, DLBL, TYBS, DFVL, VUSTX, TBZ, DFVS, TYNS
    | Fri, Jan. 8, 2:50 PM | 6 Comments
  • Fri, Jan. 8, 8:49 AM
    • U.S. stock index futures have added to gains following the strong December jobs print, with the S&P 500 now higher by 1.25%.
    • Jobs were up 292K in December vs. 200K expected, and November/October gains were revised higher. The unemployment rate held steady at 5%.
    • The 10-year Treasury yield popped up to 2.20% right after the report, but is returned back to 2.18% - up three basis points on the session. TLT -0.4%, TBT +0.8% premarket
    • Gold (NYSEARCA:GLD) has added to losses, now lower by 1.3% to $1,094 per ounce. GLD -1.1% premarket
    • Oil has added to its gains, now up 1.4% to $33.81 per barrel. USO +0.6% premarket
    • The dollar (UUP, UDN) pops higher, now up 0.75% on the session. Particularly weak is the euro (NYSEARCA:FXE), down 1.2% to $1.08.
    • Previously: Strong upward revisions add to December jobs beat; wages and hours worked flat (Jan. 8)
    • Previously: Big jobs beat in December (Jan. 8)
    | Fri, Jan. 8, 8:49 AM | 15 Comments
  • Wed, Jan. 6, 8:25 AM
    • Bond traders are focused on red equity numbers and the continuing crash in energy rather than a strong ADP jobs report - 257K private sector jobs added in December vs. 190K expected. Today's print is the strongest since 275K jobs gained in December 2014.
    • The 10-year Treasury yield moved up one basis point on the news to 2.19%, but is still lower by five basis points on the session, with U.S. stock index futures down 2% and oil off 3.3%.
    • TLT +1.2%, TBT -2.4% premarket
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, LBND, DLBL, TYBS, VUSTX
    | Wed, Jan. 6, 8:25 AM | 6 Comments
  • Mon, Jan. 4, 10:24 AM
    • The overall PMI slipped to 48.2 in December from 48.6 the month before. Economists had expected a small rise to 49.2.
    • The New Orders and Production subindexes both rose a hair, though both remain in contraction zone at 49.2 and 49.8, respectively.
    • Employment fell to 48.1 from 51.3, Supplier deliveries to 50.3 from 50.6, and Backlogs to 41 from 43.
    • Full report
    • In case anyone missed the news, the Fed has just embarked on rate hike cycle.
    • The major U.S. stock indices remain lower by about 2%, and the 10-year Treasury yield is down by six basis points to 2.21%. TLT +1.3%, TBT -2.6%.
    | Mon, Jan. 4, 10:24 AM | 4 Comments
  • Dec. 16, 2015, 2:12 PM
    • Things are volatile, but stocks are somewhat higher and bonds somewhat lower (yields higher) since the Fed's expected boost to interest rates, and little change in the bank's economic projections.
    • The S&P 500 (SPY +0.6%) has added just under half a percent since 2 ET, and the 10-year Treasury yield has added one basis point to 2.29%. TLT, TBT flat on the session.
    • Previously: Fed projections: 1.4% Fed Funds by the end of 2016 (Dec. 16)
    • Previously: Fed officially puts an end to ZIRP (Dec. 16)
    | Dec. 16, 2015, 2:12 PM
  • Dec. 15, 2015, 12:40 PM
    • The S&P 500 (SPY +1.5%) is at its session high alongside oil (NYSEARCA:USO), which is up 3.3% on the session and nearly 10% since falling to almost $34 per barrel roughly 24 hours ago.
    • Energy (XLE +2.7%) is the best-performing sector in the S&P 500, but financials (XLF +2.5%) aren't far behind, with energy-exposed names like Comerica (CMA +5.2%), ZIons Bancorp (ZION +3.8%), and Prosperity Bancshares (PB +2.7%) among the regional bank movers.
    • The surge has also given a big lift to junk bond prices even as the 10-year Treasury yield jumps five basis points to 2.27%. TLT -0.7%, TBT +1.4%.
    | Dec. 15, 2015, 12:40 PM | 29 Comments
  • Dec. 14, 2015, 12:32 PM
    • As low as $34.50 earlier in the session, crude oil (USO +1.5%) has rebounded back to $36.31 per barrel, bringing the energy sector (XLE +0.4%) and broader stock market (SPY +0.1%) along with it.
    • The major junk bond ETFs have about halved earlier 2% losses.
    • Money is pouring out of Treasurys, with the 10-year yield climbing all the way to 2.22% from 2.12%. TLT -1.45%, TBT +2.9%
    | Dec. 14, 2015, 12:32 PM | 24 Comments
  • Dec. 11, 2015, 10:42 AM
    • The 10-year Treasury yield is lower by six basis points to 2.17%, but high-yield paper is once again headed the opposite direction, with HYG down 1.2% and JNK down 1.1%.
    • The panicky action in junk bonds comes as oil sinks to new bear market lows, now off 2% to $36.06 after falling as low as $35.70 earlier. The major averages are all down more than 1%, led by energy's 2.4% decline.
    • Long-dated Treasury ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, TENZ, LBND, DLBL, TYBS, VUSTX
    | Dec. 11, 2015, 10:42 AM | 17 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
ETF Hub
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub