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The Long-Term Bond-Yield ChannelDoug Short • Mon, Sep 6, 2010 -
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There are no Transcripts on TBF.
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at CNBC.com (Mar 28, 2013)
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at CNBC.com (Dec 13, 2012)
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at MarketWatch.com (Sep 17, 2012)
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at CNBC.com (Feb 29, 2012)
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at CNBC.com (Feb 13, 2012)
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at MarketWatch.com (Apr 4, 2011)
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at MarketWatch.com (Mar 25, 2011)
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at MarketWatch.com (May 4, 2010)
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at MarketWatch.com (May 3, 2010)
TBF vs. ETF Alternatives
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
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
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Friday, April 19, 1:20 PM BlackRock fixed-income chief Rick Rieder tells the WSJ he was a big buyer of the long bond (TLT) in early April, believing the BOJ's massive easing and weak U.S. economic data would ensure a firm bid for the paper. Bonds, of course, have rallied strongly since then. Well played? In an April 8 interview with the FT, Rieder said he was worried about higher rates and favoring shorter durations. Check. 2 Comments [U.S. Economy]
- Wednesday, April 17, 1:19 PM The 10-year Treasury yield touches a YTD low of 1.67% as the world's most hated asset confounds the bears again. How long before TBT is renamed the widow-maker trade a la JGBs? Trailing the S&P 500 in 2013 by 1500 basis points not long ago, TLT has narrowed the margin to about 650 bps. 2 Comments [Financials, U.S. Economy]
- Monday, April 15, 6:28 PM China increased its holdings of U.S. Treasuries by $8.7B in February according to the Treasury Department. Meanwhile. Japan unloaded $6.8B of U.S. government debt, bringing its stash to $1.097T, a one year low. Analysts attributed some of the selling by the Japanese to positioning ahead of the BOJ's monumental easing campaign. China's holdings sat at a 15-month high going into March. 3 Comments
- Monday, April 15, 7:45 AM The dive in commodities and selling in equities is generating a bid for Treasurys, the 10-year yield falling 3 bps to a YTD low of 1.69%. The long bond yield falls 2 bps to 2.89%. After a big selloff to start 2013, TLT - up 0.35% premarket - is in the green for the year. Treasury bears - for now - are foiled again: TBT -1% premarket, -4.1% YTD. 1 Comment [U.S. Economy]
- Friday, April 12, 8:45 AM The 10-year Treasury yield falls 5 basis points on the session to 1.74% following the weak retail sales print. TLT +1.1% premarket, with the last month's big rally in bond prices bringing it back to flat YTD. S&P 500 (SPY) futures dip to a session-low, -0.5%. The QQQs off 0.5% premarket. 1 Comment [U.S. Economy]
- Monday, April 8, 3:18 PM Calling QE a "large and dull hammer" distorting markets, BlackRock fixed income chief Rick Rieder - formerly bullish on long-dated Treasurys - is shortening the duration in his portfolio and calling on the Fed to wind it down. The economy is on "reasonably strong footing," says Rieder and unemployment faces "structural headwinds" only overcome with time - a view not at all shared by Bernanke. 5 Comments [U.S. Economy, Financials]
- Friday, April 5, 9:16 AM The 10-year Treasury yield sinks to 1.68% - the lowest level since December - in wake of the jobs report. The so-called Great Rotation out of fixed income and into equities has reversed dramatically over the past 5 weeks. TLT +2.4%, SPY -1.2% premarket. Today's WSJ has a piece about bond-oriented hedge funds reshaping themselves into equity players. Can't make this stuff up. 8 Comments
- Thursday, April 4, 1:28 PM The 10-year Treasury yield dips 5 bps to 1.76%, bringing its level back to where it started the year after rising as high as 2.07% less than a month ago. Stocks hang at record highs, dovish Fed officials are hinting about QE's end, and the Treasury market parties. Something doesn't fit. TLT +1%, TBT -2.1%. 1 Comment [U.S. Economy]
- Wednesday, April 3, 10:23 AM Bonds bounce. The near-continuous calls for a bear market in Treasurys are dashed again for the time being, with the 10-year yield - after a quick surge higher to start 2013 - back to 1.84%, not far from where it started the year. Today's buying comes as ADP and ISM reports disappoint, and the banking sector (XLF -0.9%) gets a bit wobbly. TLT +0.6% today, -2.1% YTD. 7 Comments [U.S. Economy]
- Tuesday, March 26, 10:57 PM Another sentiment-related warning sign for stocks (previous) is heavy bearish opinion on Treasurys. CFTC data show small speculators net short at levels typically preceding an imminent bull move in bond prices, writes The Fat Pitch. Professionals? A BAML survey finds 53% of fund managers underweight bonds, the lowest weighting in Treasurys since May 2011 - a pretty fair time to get long. 6 Comments [U.S. Economy]
- Friday, March 22, 11:00 AM Wilbur Ross has a message for bond investors: "If the 10-year Treasury reverts back just to its average yield from 2000-2010 [you will lose] 23%." Speaking on CNBC, he says investing in long-dated Treasurys will be a "huge risk" over the next two years. By contrast, Ross says stocks do not seem grossly expensive. 8 Comments
- Wednesday, March 6, 7:31 AM Buying Treasurys is like "walking in front of a steamroller to pick up $1," Lee Cooperman tells CNBC, putting himself (along with Omaha's Oracle) on the other side of the trade from Jeff Gundlach who said last night he sees good value in the long bond yielding 3.13%. For about the 4th year running, U.S. Treasurys take the title of world's most hated asset class. Other than Gundlach, it's hard to find someone to say a nice word. 8 Comments [U.S. Economy]
- Monday, February 25, 3:07 PM The great Treasury bond bear market of 2013 takes a break as the EU crisis makes the front pages again and sequestration maybe beginning Friday in the U.S. threatens a tad more fiscal tightening. The 10-year yield falls 7 bps to 1.89%. TLT +1.2%, now down just 2.7% YTD. 9 Comments [U.S. Economy]
- Thursday, February 21, 1:12 PM The long bond continues to climb, now up more than a full point since the FOMC minutes yesterday. When the Fed got hawkish in 1993 after a long period of ease, bond prices collapsed. Now they gain? It seems as good of a tell as any that the economy is not ready to handle tighter policy (see Hoisington). TLT +0.7%. 3 Comments [U.S. Economy]
- Tuesday, February 12, 8:20 AM Are markets unprepared for a big rally in Treasury prices, asks Paul Day. JPMorgan's Treasury Client Survey shows the highest level of shorts since June 2011 - right around the time Treasury prices began a sharp advance. TLT -3.4%, TBT +6.2% YTD. 4 Comments [U.S. Economy]
- Friday, February 8, 10:59 AM "It's been an expensive wait" for bond bears, write the stalwart bond bulls at Hoisington Management. Rates may rise periodically, they say, but an "insufficiency of demand" caused by over-indebtedness assures they won't stay up for long. Higher taxes just agreed to in D.C. (not to mention CA) make the bull case on Treasurys even stronger. 13 Comments [U.S. Economy]
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Prieur du Plessis
Goldman: Higher long bond yields, but no flattening of curve yet. TBF TBT http://bit.ly/fJe5s2 - View all 0 replies
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Prieur du Plessis
Bond market is in rebellion, says Bill King. Checkmate is near as the market chases 'kings' all over the globe. TBF TBT http://stk.ly/dLC8BY - View all 0 replies
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Michael Terry
2s/10s T curve 8bps away from revisiting the 5yr high set 2/22/10. Growth, inflation and duration risks. Still like TBT or TBF. - View all 0 replies
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Larry Rothman
Tepid recovery, mild inflation, BUT overhang of debt will haunt us. Short treasuries (TBT, TMV, PST, TBF) like shooting fish in a barrel. - View all 0 replies
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