TMV: Direxion Daily 30-Year Treasury Bear 3x Shares ETF Market Currents Page 1

Quote & Headlines Market Currents StockTalk

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

Monday, January 23, 2012, 7:38 AM Goldman has seen enough of the improving economic numbers, telling its clients to get short 10-year Treasurys (ETFs: TBF, TBT) as yields below 2% will be difficult to sustain (current rate 2.05%). These tactical macro moves by Goldman often leave a little to be desired, with some convinced the firm routinely fades its own calls. Comment! [U.S. Economy, Quick Ideas]
Friday, January 20, 2012, 3:40 PM It took awhile, but the Treasury market appears to finally believe the rally in equities and the better economic numbers are for real. The 10-year price is declining sharply again today, giving up the year's gains and back to its level from just before Christmas. The yield is up 6 bps to 2.03%. Is it finally TBT's time to shine? 16 Comments [U.S. Economy]
Wednesday, January 11, 2012, 5:27 PM Saying the world's central bankers are "printing money like gangbusters," Bill Gross is nevertheless increasing his exposure to long-term Treasurys, whose value would be at great risk if all that money stokes inflation. Likely behind the buys is his belief the Fed will keep microscopic short rates for several more years, making even 2% 10-year paper enticing. 1 Comment [U.S. Economy]
Friday, December 30, 2011, 10:54 AM Not even amidst the panic of late 2008 have 10-year Treasury yields closed the year below 2%, but - barring a big move - that will change today. The 10-year is off another 4 basis points to 1.86%, not far from the 1.70% of late September when fear in equity-land was palpable. Treasurys have handily beat stocks this year, the 10-year returning 9.7% (as of Thursday), the 30-year returning more than 30%. 5 Comments [U.S. Economy]
Friday, December 30, 2011, 8:02 AM The Federal Reserve reports foreign investors selling $23B in Treasurys in the week ended Dec. 28, bringing their holdings down to $2.67T. Looking at the data series which goes back to 2002, it's the 2nd highest total of weekly sales ever, and brings net sales over the past month to $69B. 44 Comments [U.S. Economy, Global & FX]
Friday, December 23, 2011, 11:17 AM Long-term Treasurys sell off again as risk exits the market for the holiday break. The 10-year is 7 bps higher at 2.02%, and TLT gives up even more of its gaudy yearly gains. A few more days of this sort of action will see the twin asset classes of stocks and bonds much closer in performance for the year than it looked just a month ago. YTD: TLT +25%, DJIA +5.5%. Comment! [U.S. Economy]
Friday, December 23, 2011, 8:07 AM Behind what may be the worst annual performance of Bill Gross' tenure as a bond fund manager is his bet that Treasury prices would fall - an odd play for a man who made a career investing in government paper. "The most exciting returns are to be had from an asset class where those who know it best love it least." TLT +27% YTD. Comment! [U.S. Economy]
Wednesday, December 21, 2011, 1:25 PM Mike Riddell - who previously noted the sharp deviation in Treasury yields from U.S. economic data - posits maybe it's China as much as Europe that's causing the bid for government paper. Citigroup's Economic Surprise Index for Asia shows its greatest underperformance in 2.5 years. Might the epicenter of worries be shifting east? Comment! [Global & FX, U.S. Economy]
Tuesday, December 20, 2011, 9:50 AM Like Wile E. Coyote once he's run off the edge of a cliff, anybody long Treasurys may not want to look down. Mike Riddell points to the staggering divergence between Citigroup's Economic Surprise Index and 10-year yields. With the economy doing okay, any signal Europe has stopped deteriorating could send Treasury prices plummeting. Comment! [Global & FX, U.S. Economy, Quick Ideas]
Saturday, December 17, 2011, 8:00 AM Always a great read to cut through the noise, fund manager Van Hoisington is still long Treasuries as the economy remains weak and inflation quiescent. The debt overhang has not been addressed and the punk U.S. savings rate - which began looking responsible for a short time - has sunk anew as consumers scratch to maintain spending. The Fed should banish thoughts of QE3 as QE2 helped stocks but killed real disposable income by stoking commodity prices. 1 Comment [U.S. Economy]
Friday, December 16, 2011, 12:16 PM One would think it's a sleepy day looking at the major averages, but Treasury yields are dropping sharply. At 1.83%, the 10 year is down to levels not seen since early October, shortly before stocks took off on one of their best months ever. Old faithful, TLT +1.2% for the day and +30% YTD. 3 Comments [U.S. Economy]
Tuesday, December 13, 2011, 12:32 PM It used to that 10-year Treasurys would never fall through 3%. Now, with the yield straddling 2% for weeks, John Lonski of Moody's says the 10-year isn't pushing above 3% anytime soon. He expects the downside risks to the economy are great enough to push the yield down to 1.5% within the next six months. 4 Comments [U.S. Economy]
Saturday, December 3, 2011, 10:45 AM "We're at an inflection point in history," says Loews' (L) savvy investment chief Joe Rosenberg, comparing today's equity market to Treasuries in the early 80s when he had trouble convincing folks to buy long bonds yielding 15%. One favorite is Microsoft (MSFT), a better buy by every metric than a recent purchase of Warren Buffett's. Among his other picks: JNJ, MRK. A pan: Treasuries, "in the final throes of one of the greatest bubbles I have ever seen." 13 Comments [Quick Ideas, Tech, Consumer, Healthcare, U.S. Economy, Financials]
Monday, November 28, 2011, 3:31 PM Despite a big green day in equities worldwide, price action in Treasuries reminds that risk remains and the economy is still slow. A Pavlovian move higher early reverses with the 10 year yield now lower by a basis point to 1.96%, after hitting 2.08% this morning. TLT flat for the day, +28% YTD. Comment! [U.S. Economy, On the Move]
Thursday, October 27, 2011, 1:29 PM Already down big on the day, Treasuries extend losses after a weak auction of 7 year notes. The 30 year bond yield is up 20 basis points to 3.43%; at 2.36%, the 10 year is back to early August levels. The long-suffering holders of the leveraged short bond ETF catch a break. TBT +6%. Comment! [U.S. Economy, On the Move]
Friday, October 14, 2011, 9:48 AM Long term Treasury yields are pushing higher again as money continues to flow into equities and the economy might not be falling off a cliff. The 30 year bond is 10 bps higher to 3.25%, roughly 45 bps above its level when the Fed said it was going to lower long rates through The Twist. Treasury flattener ETN FLAT is off nearly 10% since the Fed meeting. 2 Comments [U.S. Economy]

TMV Direxion Daily 30-Year Treasury Bear 3x Shares ETF

TMV

Direxion Daily 30-Year Treasury Bear 3x Shares ETF