Is PST a buy? - Seeking Alpha

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HEADLINES:

Bond Bubble: Risk Premium Factor Model Suggests Fair Value Yield On 10-Year Treasury Is 4.4%
Steve Hassett • Mon, May 20 • 9 Comments
Time To Change Investment Strategy On Wall Street
BubbleBustInvesting • Sun, May 12 • 7 Comments
Is A Strong Employment Report A Game Changer For Bonds, Stocks, And Precious Metals?
BubbleBustInvesting • Fri, May 3 • 6 Comments
10-Year Treasury Yield Breaks Uptrend
Bespoke Investment Group • Fri, Apr 5 • 9 Comments
Treasury Yield Snapshot: 10-Year At Its 2013 Low
Doug Short • Fri, Apr 5 • 3 Comments
How To Trade A Strong Employment Report
BubbleBustInvesting • Fri, Mar 8 • 23 Comments
Treasury Yield Snapshot: 10-Year Still Hovering Near 2%
Doug Short • Sun, Feb 24 • 2 Comments
How To Prepare Your Portfolio For Fed QE Exit
BubbleBustInvesting • Thu, Feb 21 • 9 Comments
A Plea To Amazon Bears, Apple Bulls, And Others
Ted Barac • Sun, Jan 27 • 57 Comments
Why Bond Yields Should Remain Low And Capped For Now
Bondsquawk • Wed, Oct 10, 2012 • 1 Comment
The 3 Most Overvalued Assets
Howard Gold • Thu, Sep 27, 2012 • 12 Comments
Bond Index ETFs For Rising Interest Rates
Tom Lydon • Wed, Sep 19, 2012 • 2 Comments
Time To Reverse Strategy
BubbleBustInvesting • Thu, Sep 13, 2012 • 4 Comments
Why QE3 Will Not Happen
Nicholas Pardini • Mon, Sep 10, 2012 • 156 Comments
5-Year Cycles: About Time To Chuck Treasuries?
John Overstreet • Thu, Jul 5, 2012 • 32 Comments
How Risky Are Long Treasury Bonds? Implications For Bond Investors
Ploutos • Tue, Mar 27, 2012 • 13 Comments
Evaluating Risk: Why I Sleep Better With 50% Of My Money In Precious Metals
Jon Springer • Tue, Mar 20, 2012 • 140 Comments
Preparing For The Burst Of The Treasury And Precious Metals Bubbles
BubbleBustInvesting • Mon, Mar 19, 2012 • 17 Comments
U.S. Treasuries Bubble: Beginning To Burst?
Kevin Mulhern • Thu, Mar 15, 2012 • 31 Comments
U.S. CPI Reading Brings iShares 20 Year Treasury ETF Into Focus
Stoyan Bojinov • Fri, Feb 17, 2012 • 3 Comments

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Betting On Long-Term Growth With A Treasury ETF
Saj Karsan • Fri, Oct 14, 2011 • 1 Comment
Shorting U.S. Treasuries: The Best Trade of the Next Decade
Kevin Mulhern • Fri, Dec 4, 2009 • 23 Comments
Bond Expert: Thursday Outlook
John Jansen • Thu, Apr 30, 2009 • 4 Comments
Will the Fed Target Long-Term Rates?
Christopher Bush • Wed, Dec 3, 2008 • 4 Comments
Responding to an Irrational Market
Christopher Bush • Wed, Sep 3, 2008 • 2 Comments

Bond Bubble: Risk Premium Factor Model Suggests Fair Value Yield On 10-Year Treasury Is 4.4%
Steve Hassett • Mon, May 20 • 9 Comments
Time To Change Investment Strategy On Wall Street
BubbleBustInvesting • Sun, May 12 • 7 Comments
Is A Strong Employment Report A Game Changer For Bonds, Stocks, And Precious Metals?
BubbleBustInvesting • Fri, May 3 • 6 Comments
10-Year Treasury Yield Breaks Uptrend
Bespoke Investment Group • Fri, Apr 5 • 9 Comments
Treasury Yield Snapshot: 10-Year At Its 2013 Low
Doug Short • Fri, Apr 5 • 3 Comments
How To Trade A Strong Employment Report
BubbleBustInvesting • Fri, Mar 8 • 23 Comments
Treasury Yield Snapshot: 10-Year Still Hovering Near 2%
Doug Short • Sun, Feb 24 • 2 Comments
How To Prepare Your Portfolio For Fed QE Exit
BubbleBustInvesting • Thu, Feb 21 • 9 Comments
A Plea To Amazon Bears, Apple Bulls, And Others
Ted Barac • Sun, Jan 27 • 57 Comments
Why Bond Yields Should Remain Low And Capped For Now
Bondsquawk • Wed, Oct 10, 2012 • 1 Comment
The 3 Most Overvalued Assets
Howard Gold • Thu, Sep 27, 2012 • 12 Comments
Bond Index ETFs For Rising Interest Rates
Tom Lydon • Wed, Sep 19, 2012 • 2 Comments
Time To Reverse Strategy
BubbleBustInvesting • Thu, Sep 13, 2012 • 4 Comments
Why QE3 Will Not Happen
Nicholas Pardini • Mon, Sep 10, 2012 • 156 Comments
5-Year Cycles: About Time To Chuck Treasuries?
John Overstreet • Thu, Jul 5, 2012 • 32 Comments
How Risky Are Long Treasury Bonds? Implications For Bond Investors
Ploutos • Tue, Mar 27, 2012 • 13 Comments
Evaluating Risk: Why I Sleep Better With 50% Of My Money In Precious Metals
Jon Springer • Tue, Mar 20, 2012 • 140 Comments
Preparing For The Burst Of The Treasury And Precious Metals Bubbles
BubbleBustInvesting • Mon, Mar 19, 2012 • 17 Comments
U.S. Treasuries Bubble: Beginning To Burst?
Kevin Mulhern • Thu, Mar 15, 2012 • 31 Comments
U.S. CPI Reading Brings iShares 20 Year Treasury ETF Into Focus
Stoyan Bojinov • Fri, Feb 17, 2012 • 3 Comments

There are no Transcripts on PST.

Surviving and thriving without international funds

at MarketWatch.com (Jun 4, 2012)
London Markets: Metals producers lead U.K. higher; BP lags

at MarketWatch.com (Jun 10, 2010)
Did Congress sell America short?

at MarketWatch.com (May 4, 2010)

PST vs. ETF Alternatives

PST Description

ProShares UltraShort 7-10 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 7-10 Year U.S. Treasury Index.
See more details on sponsor's website

Country: United States

Key Info

In Your Portfolio: Broad U.S. Bond ETFs, A Guide to U.S. Government Bond ETFs
Asset Class Performance: Bonds

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| Earnings
| Dividends
| M&A
| On the move

Wednesday, May 22, 10:42 AM Bernanke: Stocks continue with solid gains as the chairman suggests the Fed may never sell the massive assets it's accumulated, instead just letting them roll down. Most interesting are Treasury prices (TLT -1.1%) rolling over - the 10-year yield sunk to 1.89% as Bernanke's soft comments hit the tape, but has reversed to now threaten 2%. Gold (GLD +0.6%) has given up much of its knee-jerk gains, and the dollar (UUP +0.3%) is having none of it, higher across the board, particularly vs. the aussie (FXA -1.1%), yen (FXY -1%), and loonie (FXC -0.6%). 5 Comments
Monday, May 20, 9:47 AM UBS' 5 "suspected" asset bubbles: 1) Risk-free rates - specifically Treasurys (TLT), Bunds (BUND, BUNL), JGBs (JGBL, JGBT, JGBD, JGBS) 2) Credit (HYG, JNK) 3) Real estate in Asia (WPS) 4) Certain EM equity markets (EIDO, IDXJ, EPHE, THD, EWW) 5) Australian banks (WBK, NABZY.PK, ANZBY.PK, CMWAY.PK). Comment!
Thursday, May 16, 10:10 AM More on Philly Fed: The big miss is another in a line of weak data points this morning. The decline was led by a steep drop in shipments to -8.5 from +9.1. Also notable is a big jump in inventories to +4.1 from -22.2. Employment worsened to -8.7 from -6.7. The percentage of firms reporting employment decreases was 22% vs. those reporting increases at 14% - a number sure to cross the desk of the FOMC doves this morning. Treasurys have had a tough May, but they're bouncing today, TLT +1.2%. The leveraged bear ETF: TBT -2.4%. Stocks give up early gains (DIA -0.2%). 6 Comments [U.S. Economy]
Thursday, May 16, 8:38 AM SPY -0.3% premarket, giving up small early gains after a big jump in jobless claims and a rather shocking decline in housing starts. Starts were off 16.5% from March, but up 13.1% Y/Y. On a more hopeful note, building permits were up 14.3% from March, up 35.8% Y/Y. Treasurys catch a bid, TLT +0.5% premarket. Homebuilders ETF: XHB -0.2%. Comment!
Monday, May 13, 8:50 AM Stock index futures move to session highs following the big beat on retail sales, SPY -0.1% premarket. Excluding a 4.7% decline in gasoline sales, retail spending grew 0.6% in April. Bond prices continue their recent slide, the 10-year note off half of a point. The yield may challenge 2% today. TLT -0.9% premarket. 4 Comments [U.S. Economy]
Friday, May 10, 10:35 AM Bill Gross (BOND) attempts to ring a bell, calling the 30-year bond bull market over as of April 29, 2013 (while pushing Pimco as the one to help navigate in this new world). The 30-year Treasury yield touched 2.8% at April's end. Including a 9 bp pop today, the yield now stands at 3.08%. TLT -1%, TBT +1.9%. 6 Comments [U.S. Economy]
Thursday, May 9, 1:47 PM Massive doesn't begin to describe the move into the ProShares Ultra 7-10 Year Treasury ETF (UST) last Wednesday as the $12M AUM fund went to $833M overnight. It was accompanied by a 53% increase in the $3.75B iShares 3-7 Year Treasury Bond ETF (IEI), suggesting someone (or ones) making a large bet targeting the middle of the Treasury curve. The moves came following FOMC minutes at which it indicated a readiness to increase QE as needed. 6 Comments [U.S. Economy]
Thursday, May 9, 6:23 AM "Today government bonds should come with a warning about interest rate risk," a university fund manager tells FT, which says many university endowments have slashed their U.S. Treasury (TLT, TBT) holdings from as high as 30% of AUM during the crisis to as low as zero currently ("everyone" has less than 5%, one manager claims). Holding fast to larger allocations may require a fleetness of foot going forward in order to avoid capital losses if (or when) rates rise, a style of investing not suited to endowment managers. 1 Comment
Wednesday, May 8, 12:29 PM "There is no safe haven in today's markets," says Paul Singer, speaking at the Ira Sohn conference, and blaming the distorting effects of QE. While not yet advocating shorting Treasurys (TLT, TBT), Singer says those long need to know they're trading at the wrong price, perhaps 50-100 basis points too low. 1 Comment [Breaking News, U.S. Economy]
Monday, May 6, 3:29 PM This time is different for Treasurys (TLT, TBT)? "The Fed has been very transparent and their transparency should help offset the risks that were experienced in 1994," says JPMorgan's head of rates Edward Fitzpatrick. He's joined in this opinion by others who ought to know better, including Templeton's Michael Materasso and Vanguard's Gemma Wright-Casparius, all of whom attribute the 1994 rout to communication, not a crazed buildup in leverage. 2 Comments [U.S. Economy]
Friday, May 3, 3:13 PM "Bonds are acting like the bond market is manipulated ... because it is," says Jeff Gundlach, as QE is far more of a put on Treasury prices (TLT -2.3%) than it is on stocks. A salve to bond bulls on a day when the yield on the 30-year is 14 bps higher, Gundlach says yields won't go on a sustained rise anytime soon because QE is going nowhere. A favorite of the bond bears, TBT +4.6%. 7 Comments
Thursday, May 2, 8:36 AM More on the big drop in jobless claims: At 324K, it's the lowest level since January 2008. The 4-week moving average fell 16K to 342,250. S&P 500 futures remain +0.5%. Treasury prices slip, TLT -0.6%, TBT +1.2% premarket. 18 Comments [U.S. Economy]
Tuesday, April 30, 9:07 AM "View the 'fruit' debt the way we used to view IBM issues ... perfectly timed in retrospect," says Kevin Ferry, tweeting about Apple's prospective debt offering. Back in the day when rates actually fluctuated, IBM had a remarkable knack for issuing at the cycle lows in yield. The 10-year Treasury yield hits another YTD low, -2 bps to 1.65%. TLT +0.4% premarket. 1 Comment [Financials]
Friday, April 26, 8:45 AM More on the Q1 GDP (first estimate) miss: Government spending slowdown continues, with real federal government spending off 8.4% vs. 14.8% in Q4; defense spending off 11.5% vs. 22.1%. Real PCE +3.2%. Nonresidential fixed investment +2.1%. Real exports +2.9%, Real imports +5.4%. Real final sales +1.5% vs. 1.9% in Q4. Inventories added 103 bps to GDP in Q1 after subtracting 152 bps in Q4. SPY -0.3% premarket. The long bond pops half of a point. TLT +0.8% premarket. (full report) 68 Comments [U.S. Economy]
Thursday, April 25, 10:16 AM SocGen's Al Edwards doesn't disappoint his fans, believing the S&P is headed to 450 and gold to $10K. Most interesting is this chart on bond yields vs. forecasts. Forecasts in the deeper past essentially matched actual yields, yet for the last decade estimates have consistently called for "normalization," i.e. higher rates, but it's never happened. "Consensus has still not accepted that we remain locked in an Ice Age environment that will see U.S. (and U.K. and German) yields (TLT, TBT) converge to Japanese sub-1%." 1 Comment [U.S. Economy]
Wednesday, April 24, 8:47 AM The long bond moves higher (yield declines) following the soft durable goods report. In addition to the weak March print, February's 5.6% gain was revised down to 4.3%, with nondefense ex-transport orders revised down to -4.7% from -2.7%. Higher previously, the 30-year yield is now off one basis point to 2.9%. TLT flat premarket. Comment! [U.S. Economy]

DeepValueLover
$PST continues to float lower. The product may lose 20% of its value this year.
Jan 22, 9:22 PM
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Overweight GE
What are people's thoughts on PST? I don't see how rates can drop any further, so I see limited downside...
1/14/12
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DeepValueLover: $PST, like the other "UltraShort" products, is almost designed to go to zero. Short positions on these names nearly always work out great.
Jan 22, 9:20 PM
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Obamination
7:50 PST my charts show almost zero volume for a full minute, did that show on others systems or was mine in error?
9/14/11
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Windsun33
Oddly, Cocoa futures up almost as much as gold as of midnite PST.
8/8/11
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Windsun33
isn't it about margin call time of day?.. still waking up here on PST time
8/5/11
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Bowerz101
12:45 PST
8/2/11
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bilton
Despite heavy big lot (hedge fund or company buyback) buying after 8AM PST, NFLX once again holds resistance between 247-248.
5/24/11
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IBISWorld
We'll be discussing automaker earnings at 3:20 PST today on CNN Radio. Tune in at http://bit.ly/mgXi4X/! GM, TM, F, HMC & VLKAY
5/5/11
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amscott8
Joe: What r ur thoughts on shorting Treasurys? TBT, PST.
4/12/11
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amscott8
Talbano: Pimco went short treasury's cause they feel that yields have to go up. 20 yr 2x short TBT and 7-10 yr 2xshort PST. I will own soon
4/12/11
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LATEST REPLIES

Overweight GE
What are people's thoughts on PST? I don't see how rates can drop any further, so I see limited downside...
1/14/12
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DeepValueLover: $PST, like the other "UltraShort" products, is almost designed to go to zero. Short positions on these names nearly always work out great.
Jan 22, 9:20 PM
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PST ProShares UltraShort 7-10 Year Treasury ETF

PST

ProShares UltraShort 7-10 Year Treasury ETF