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HEADLINES:

DC Plan Sponsors Should Look Further Than Their Own Backyard
AllianceBernstein • Tue, May 21
Wall Street Breakfast: Must-Know News
Wall Street Breakfast • Tue, May 21 • 97 Comments
Euro Spreads Decline
Bespoke Investment Group • Wed, Apr 17
Italy And Spain Shrug Off Cyprus
Bespoke Investment Group • Tue, Mar 19 • 1 Comment
26 ETNs May See Premiums And Discounts After Issuance Halted
Tom Lydon • Fri, Mar 15 • 3 Comments
Politics And Investments In Italy: Keep Calm And Carry On
Francesco Checcacci • Thu, Feb 28
Euro Spreads Widen Out
Bespoke Investment Group • Tue, Feb 26
Eurozone Peripherals: Opportunities For 2013
Francesco Checcacci • Mon, Jan 14
High Drama: Billionaire Berlusconi Returns And With Him, Risk
Colin Lokey • Mon, Dec 10, 2012 • 4 Comments
European Spreads Remain Contained
Bespoke Investment Group • Wed, Dec 5, 2012 • 1 Comment
Sovereign Debt Default Risk Plummets
Bespoke Investment Group • Sun, Sep 16, 2012 • 1 Comment
The Bogus AAA Sovereign Stupidity Arbitrage
Russ Winter • Wed, Jul 25, 2012 • 3 Comments
Getting Chippy In The EU
The Inflation Trader • Thu, Jun 28, 2012 • 6 Comments
Italy Borrows High To Lend Low: The Fallacy Of The Spanish Bailout
Richard Bailey • Thu, Jun 14, 2012 • 73 Comments
Italian Yields Now Above 6%: Market Set To Make New Lows
Mike Williams • Thu, Jun 14, 2012 • 3 Comments
More Thoughts On Spain And Italy
Marc Chandler • Wed, Jun 13, 2012 • 4 Comments
Italy ETFs: The Next Dominoes To Fall?
Benzinga • Tue, Jun 12, 2012 • 1 Comment
Euro Pressures Subside For The Moment
Marc Chandler • Tue, Jun 12, 2012 • 1 Comment
Yet Another Reason The Euro Project Does Not Work
Felix Pinhasov • Thu, Mar 8, 2012
Avoid PIIGS Sovereign Bonds
Paolo Gorgo • Tue, Feb 28, 2012 • 3 Comments

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Is Greece Italy's Future?
Marc Chandler • Wed, Nov 9, 2011 • 16 Comments
Italy Stock, Bond ETFs In Focus On S&P Ratings Downgrade
John Spence • Tue, Sep 20, 2011
Italian Bond ETFs Reverse Losses
Tom Lydon • Thu, Aug 18, 2011

DC Plan Sponsors Should Look Further Than Their Own Backyard
AllianceBernstein • Tue, May 21
Wall Street Breakfast: Must-Know News
Wall Street Breakfast • Tue, May 21 • 97 Comments
Euro Spreads Decline
Bespoke Investment Group • Wed, Apr 17
Italy And Spain Shrug Off Cyprus
Bespoke Investment Group • Tue, Mar 19 • 1 Comment
26 ETNs May See Premiums And Discounts After Issuance Halted
Tom Lydon • Fri, Mar 15 • 3 Comments
Politics And Investments In Italy: Keep Calm And Carry On
Francesco Checcacci • Thu, Feb 28
Euro Spreads Widen Out
Bespoke Investment Group • Tue, Feb 26
Eurozone Peripherals: Opportunities For 2013
Francesco Checcacci • Mon, Jan 14
High Drama: Billionaire Berlusconi Returns And With Him, Risk
Colin Lokey • Mon, Dec 10, 2012 • 4 Comments
European Spreads Remain Contained
Bespoke Investment Group • Wed, Dec 5, 2012 • 1 Comment
Sovereign Debt Default Risk Plummets
Bespoke Investment Group • Sun, Sep 16, 2012 • 1 Comment
The Bogus AAA Sovereign Stupidity Arbitrage
Russ Winter • Wed, Jul 25, 2012 • 3 Comments
Getting Chippy In The EU
The Inflation Trader • Thu, Jun 28, 2012 • 6 Comments
Italy Borrows High To Lend Low: The Fallacy Of The Spanish Bailout
Richard Bailey • Thu, Jun 14, 2012 • 73 Comments
Italian Yields Now Above 6%: Market Set To Make New Lows
Mike Williams • Thu, Jun 14, 2012 • 3 Comments
More Thoughts On Spain And Italy
Marc Chandler • Wed, Jun 13, 2012 • 4 Comments
Italy ETFs: The Next Dominoes To Fall?
Benzinga • Tue, Jun 12, 2012 • 1 Comment
Euro Pressures Subside For The Moment
Marc Chandler • Tue, Jun 12, 2012 • 1 Comment
Yet Another Reason The Euro Project Does Not Work
Felix Pinhasov • Thu, Mar 8, 2012
Avoid PIIGS Sovereign Bonds
Paolo Gorgo • Tue, Feb 28, 2012 • 3 Comments

There are no Transcripts on ITLT.

Market Extra: 6 ways to profit from Draghi’s bond plan

at MarketWatch.com (Sep 6, 2012)

ITLT vs. ETF Alternatives

ITLT Description

The PowerShares DB 3x Italian Treasury Bond Futures Exchange Traded Notes (Symbol: ITLT) (collectively, the "PowerShares DB BTP Futures ETNs," or the "ETNs") are the first exchange-traded products to provide investors with leveraged or unleveraged exposure to the U.S. dollar value of the returns of an Italian bond futures index.
See more details on sponsor's website

Country: Italy

Key Info

In Your Portfolio: A Guide to International and Emerging Market Government Bond ETFs
Asset Class Performance: Bonds, Countries

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| On the move

Tuesday, May 21, 5:57 AM Italy's former technocratic leader Mario Monti doesn't agree with George Soros and others who say the stability in the Italian bond market (ITLY, ITLT) is merely the proverbial calm before the storm. The ECB is better equipped now than previously to handle disruptions in the sovereign debt market, Monti says, adding that in his opinion, the steep decline in yields on Italian sovereign debt is sustainable. Monti also predicts that another election is not imminent in Italy as electoral law reform will take at least six months to complete. Comment! [Global & FX]
Monday, May 20, 6:03 AM A report out of Italy showing industrial orders rose 1.6% in March (handily beating estimates and reversing a 2.5% decline in February) helped push the spread between 10-year German bunds (BUND) and comparable Italian government debt (ITLY) to its narrowest level (250bps) since January at one point on Monday, as investors pared safe haven bets. Meanwhile, yields on Slovenian 10-year bonds fell slightly early on, defying Fitch's downgrade. Of course, the ratings agency is still "far behind the market's assessment of Slovenia's creditworthiness," one economist says, adding that as long as S&P maintains its A- rating, Slovenian banks can still pledge their government bonds as collateral in ECB liquidity ops. Comment! [Global & FX]
Sunday, May 12, 6:42 PM Italy is no longer "master of its own destiny," says George Soros, referring to what he believes is the country's perpetual dependence on coordinated action from its EU partners and the ECB. Speaking to an audience in northern Italy, Soros predicted the respite Italy has seen in terms of borrowing costs (ITLY) and spreads to German bunds "will not last long [as] the situation is far from being in balance." Last week, Italy auctioned 12-month bills at a euro-era record low yield. 1 Comment [Global & FX]
Friday, May 10, 6:23 AM How quickly things change. Italian bonds (ITLY), which less than a year ago were pricing in the apocalypse, are now perceived as safer than they have ever been , as Italy sells €7B in 12-month bills at an average yield of 0.703%, the lowest since the country's adoption of the euro. (Also: Spain's borrowing costs fall) 1 Comment
Friday, May 3, 5:28 AM Yields on eurozone sovereign debt fall across the board in the wake of the ECB's rate cut as investors react to Mario Draghi's perceived willingness to cut the deposit rate below zero, something policymaker Ewald Nowotny dismissed as not a near-term option. Yields on French, Austrian, and Belgian bonds hit record lows as spreads against safe haven German bunds (BUND) compress in Italy and Spain. Comment! [Global & FX]
Monday, April 29, 6:25 AM Italy's borrowing costs fall at auction as the country raises €3B in 10-year bonds and €3B in five-year paper. Yields were 3.9% on the 10 and 2.84% on the five. The country's new economic minister has promised to drive down the yields on the country's debt (ITLY). Comment! [Global & FX]
Sunday, April 28, 3:54 AM Italy has a new government after Prime Minister-designate Enrico Letta of the left-leaning Democratic Party (PD) forged a coalition agreement with Silvio Berlusconi's right-of-center Freedom party (PDL). The uncertainty had roiled markets at various points since elections in February, so it's worth watching EWI, ITLT and ITLY. The government includes Bank of Italy director general Fabrizio Saccomanni, who is close to ECB Governor Mario Draghi. 1 Comment [Global & FX, Top Stories]
Tuesday, April 23, 6:12 AM Italian 10-year bond yields fall 11 bps to 3.98%, dropping below 4% for the first time since November 2010. The decline in yields comes as European stock markets rise amid an improvement in some eurozone PMI data, although the picture is still grim. FTSE Mib +0.9%. Comment! [Global & FX, Top Stories, On the Move]
Wednesday, April 17, 8:56 AM Following a nearly 3-week period in which DB halted creations for 26 ETNs on which it's the indexer, the bank finally resumed creations on the notes yesterday. The affected notes follow: BDD, BDG, BOM, BOS, BUNL, BUNT, DEFL, DGP, DGZ, DOD, DTO, DZZ, INFL, ITLT, ITLY, JGBD, JGBL, JGBS, JGBT, LBND, OLO, SBND, SZO, UDNT, UUPT, WMW. 1 Comment
Monday, April 15, 4:24 PM The Italian government's decision to repay €40B in arrears of the more than €100B owed to its corporate sector may help revitalize the economy, but it will also mean raising the amount of debt the country's Treasury will have to issue in 2013 by €20B. The good news: demand was strong for a new retail bond issue aimed at tapping "household savings," as Italy raised €9B Monday. Comment! [Global & FX]
Wednesday, April 10, 10:39 AM What austerity? Italy says its debt to GDP ratio will hit a record 130.4% this year and at 129% will be nearly 6 percent higher in 2014 than previously forecast. The debt hikes partly reflect a €40 payment to the country's private sector aimed at partially settling a near €100B outstanding balance owed to private companies by the government. 3 Comments [Global & FX]
Friday, April 5, 4:56 PM Bridgewater is concerned about Italy. In a letter titled "Could Italy Blow Up The Euro?," the world's largest hedge fund notes that "economic conditions in Italy are as depressed as they've been since the end of WWII," a situation which has invariably led to a "pretty chaotic" political situation. Perhaps most importantly, Italian bank CDS spreads are rising, bad news since "the sovereign is pretty reliant on those banks to buy [government] bonds." Remember: Draghi has "no plan B." 1 Comment [Global & FX]
Sunday, March 31, 3:21 AM Mario Monti will continue as Italy's caretaker Prime Minister until a new government is formed, President Giorgio Napolitano said yesterday. Napolitano will also appoint two committees that will formulate plans for institutional, social and economic reforms that would receive backing from all sides in parliament. Napolitano won't resign ahead of the end of his term in May even though this would facilitate the calling of new elections. 1 Comment [Global & FX, Top Stories]
Friday, March 29, 7:02 AM Pier Luigi Bersani, the head of Italy's center-left Democratic Party, has handed the intractable problem of forming a government back to President Giorgio Napolitano, whose options seem fairly limited. Napolitano could try to cajole a coalition into being or appoint another technocrat government, although his chances of success appear to be slim. The uncertainty has helped unnerve markets this week. 1 Comment [Global & FX, Top Stories]
Monday, March 18, 4:53 AM As in Asia, shares in Europe slump on the proposed raid on bank deposits in Cyprus, while bond yields in Spain and Italy rise sharply. EU Stoxx 50 -1.7%, London -1%, Paris -1.3%, Frankfurt -1.3%, Milan -2.45%, Madrid -2.3%. Italy's 10-year yields +0.1 bps at 4.71%, Spain's +0.13 bps at 5.06%. Comment! [Global & FX, Top Stories, On the Move]
Monday, March 18, 4:01 AM DB announces a halt in new creations on 26 ETNs it is the indexer or issuer on (effective 3/29), meaning the potential for the notes to trade at significant premiums to NAV as redemptions will still be available. DB expects to resume creations by mid-April. The affected notes follow: BDD, BDG, BOM, BOS, BUNL, BUNT, DEFL, DGP, DGZ, DOD, DTO, DZZ, INFL, ITLT, ITLY, JGBD, JGBL, JGBS, JGBT, LBND, OLO, SBND, SZO, UDNT, UUPT, WMW. 2 Comments

Furbonacci
anyone have any good vehicles to short socialist bonds? i like the looks of ITLT but it seems too illiquid.
3/31/12
Reply (1)

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Furbonacci: thanks but i dont want to actually buy a leveraged etf. id rather short a long one. do you know of any european long bond funds? thanks
3/31/12
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LATEST REPLIES

Furbonacci
anyone have any good vehicles to short socialist bonds? i like the looks of ITLT but it seems too illiquid.
3/31/12
Reply (1)

• !Report Abuse
View all 1 replies
Furbonacci: thanks but i dont want to actually buy a leveraged etf. id rather short a long one. do you know of any european long bond funds? thanks
3/31/12
• !Report Abuse
Add a reply...

140 characters

ITLT PowerShares DB 3x Italian Treasury Bond Futures ETN

ITLT

PowerShares DB 3x Italian Treasury Bond Futures ETN