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at CNBC.com (Tue, 12:39PM)
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at CNBC.com (Apr 29, 2013)
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at MarketWatch.com (Jan 4, 2013)
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at MarketWatch.com (Sep 17, 2012)
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at CNBC.com (Aug 15, 2012)
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at MarketWatch.com (Jun 5, 2012)
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at MarketWatch.com (Jun 4, 2012)
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at MarketWatch.com (Jun 1, 2012)
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at MarketWatch.com (May 31, 2012)
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at MarketWatch.com (May 30, 2012)
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at MarketWatch.com (May 29, 2012)
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at MarketWatch.com (May 25, 2012)
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at MarketWatch.com (May 24, 2012)
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at MarketWatch.com (May 23, 2012)
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at MarketWatch.com (May 22, 2012)
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at MarketWatch.com (May 21, 2012)
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at MarketWatch.com (May 17, 2012)
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at MarketWatch.com (May 16, 2012)
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at MarketWatch.com (May 15, 2012)
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at MarketWatch.com (May 11, 2012)
TBT vs. ETF Alternatives
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
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
- 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]
- 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, 12:28 PM Fixed-income may not be being given away as it was in 2010, but there's still value, says Jeff Gundlach, scoffing at talk of a bond bubble. "Raise your hand" if you own Treasurys for yourself or a client, he asked a room full of advisors (none went up). Bonds are not "over-owned" in the U.S., he says, showing cash and fixed income make up a higher percentage of household financial assets in other countries. 5 Comments [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]
- Monday, April 8, 12:28 PM "Short the S&P (SPY) at (your) peril," David Tepper tells CNBC, remaining bullish on U.S. equities thanks to a worldwide search for yield and safety. Bank depositor haircuts in Europe and devaluation in Japan (he's bullish on Tokyo stocks as well) will drive even more money into both U.S. stocks and fixed income (TLT). 3 Comments
- 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
- Friday, April 5, 8:35 AM S&P 500 (SPY) futures -1.3% following the big miss for Nonfarm Payrolls. Treasury prices soar, the long bond up a full point and a half. TLT +2%. Crude oil tumbles, USO -1.5%, and gold flies, GLD +1%. 12 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]
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Energysystems: Yep, interest rates have been hogtied. But I don't see it with continued easing globally.
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Michael Bryant
TBT and many short funds did a reverse split. Guess the fund managers see gold, commodities, and the S&P 500 (SPY) going higher. - View all 1 replies
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Will Erlandson: I only like to pay that much premium on larger stocks that I can sell front month calls against. -
Justin M. Hall: Will, I like your strategy. I do things a bit differently, but both methods will work. I also tend to make conservative recommendations.
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Bradley Fluetsch
China is keeping the US from a recession by lending vast quantities of make believe dollars. Is this really the right long-term policy? TBT - View all 2 replies
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Bradley Fluetsch: And that is to make me feel better? My focus would be on holders more so than current buyers of Treasuries.
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bigdividendsonly: Playing TMV for the day. These are short time trading vehicles and the more leverage the better
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Justin M. Hall: Check out the other highlights from the past 3+ years at the HEADLINES page on my site, Rx Investors.com. http://bit.ly/FRefJG
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Justin M. Hall: You might actually find some of this stuff pretty interesting.
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LATEST REPLIES
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Justin M. Hall
9/17/12 4:07A ET: In August 2012, I identified the Bubble in U.S. T-Bonds (TLT). Buys include TBT, TMV, SBND. http://bit.ly/QvFYHf - View all 3 replies
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Justin M. Hall: On my new blog, I first highlighted the TBT trade back on 6/17/12. http://bit.ly/LyxaNN
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The Hammer: Reits are pricey as are many dividend stocks especially utilities.
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Bret Kenwell
Furthermore, $TBT down over 1.5% ass markets are up, up and away. Warning signs are out there. - View all 10 replies
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Bret Kenwell: hahaha...yeah, this is interesting morning, that's for sure. especially with how slow things have been the last 4 weeks.
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Justin M. Hall
8/17/12 2:21P ET: [PAY ATTENTION!] 30 Year US T-Bond Interest Rate Chart Analysis (TBT, TLT, SBND, TMV) http://bit.ly/S2emfg - View all 3 replies
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Justin M. Hall: Hello csymalla! I understand your concerns. The best advice I can give you: Trade what you see, not what you think.
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Justin M. Hall: The SHORT T-Bond plays will require some patience. If you hang on, I firmly believe you will thank me later.
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Justin M. Hall
8/16/12 10:45P ET: [Are You Paying Attention?] Shares of (TBT) are +10% since my 8/7/12 recommendation. http://bit.ly/MhmTKK - View all 17 replies
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Justin M. Hall: Thanks 1980XLS. If you own it, stick with it. Romney should be able pullout a big win in November. If so, BAC will head a lot higher.
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Justin M. Hall: Will Erlandson, check out the new stuff I just posted on my blog AND continue to hang on to TBT! http://bit.ly/Pga3OH
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Justin M. Hall
6/17/12 8:45P ET: BAC, TBT, SBND => SUMMER REBOUND CONTINUES => Greek Election Results & More ... http://bit.ly/LyxaNN - View all 23 replies
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Justin M. Hall: Good to hear such +news, my friend. I mean that. Now, I know why you're so damn feisty. :-) Here's to your continued good health!
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Justin M. Hall
8/7/12 10:10A ET: (TBT, TLT, SBND) THe BiG MoVe: U.S. Treasury Bubble Nears the End http://bit.ly/MhmTKK - View all 6 replies
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Michael Kudrna
Small entry for a day trade in $PPC at 7.90 avg and will increase on break above HOD. Big volume mover $$ $SPY $TBT keeping stops tight - View all 1 replies
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Michael Kudrna
Protecting Capital is just as important in a downtrend as making money in a bull market. I'm a seller today, not buyer $$ $SPY $TBT $QQQ - View all 2 replies
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Michael Kudrna: Dont discount the ability for EU Fluff Headlines, but much murky water ahead with debt discussions again in US and weaker econ data
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OneLongTrade: First 1320-1330 is fair value for the longest time. Then one morning he wakes up seeing 1500+ as the new fair value. -
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Josh Krause: Betting that we don't turn into Japan. Not a bet I would be willing to make. -
OneLongTrade: He's also been massively long this market since the dip to 1355. Seems to be working so far...
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bull_market_somewhere
tough to sit here and watch my long term (10yr) positions get slaughtered every other day, TBT, PIO, ATRS.. thick skin!! - View all 8 replies
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bull_market_somewhere: companies that will benefit from the rise of desalination, i.e. the 2/3 of the world you mentioned
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REIT: sold all my shipping early last year losing game no growth sector, waiting for oil companies go lower so can pick few for coming winter :) -
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humahuaca: Nice place to be! I have too much invested as I wrote a lot of covered calls, now hedging and hoping no disaster for a few more weeks