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HEADLINES:

Fixed Income Momentum - May 2013
Ploutos • Mon, May 6 • 5 Comments
The Coming Bond Market Collapse: 3 Ways To Escape The Damage
Wall Street Wisdom • Sat, Apr 27 • 33 Comments
Bond Market Review Q1 2013
Ploutos • Mon, Apr 8 • 7 Comments
Treasury Yield Snapshot: 10-Year At Its 2013 Low
Doug Short • Fri, Apr 5 • 3 Comments
Fixed Income Momentum - April 2013
Ploutos • Tue, Apr 2 • 8 Comments
Fixed Income Momentum - March 2013
Ploutos • Fri, Mar 1 • 10 Comments
Treasury Yield Snapshot: 10-Year Still Hovering Near 2%
Doug Short • Sun, Feb 24 • 2 Comments
The Bond Vigilantes Have Been Taken Out Back And Shot
Paulo Santos • Tue, Feb 5 • 42 Comments
Fixed Income Momentum Strategies - February 2013
Ploutos • Fri, Feb 1 • 6 Comments
2012 Bond Market Review And Outlook For 2013
Ploutos • Tue, Jan 8 • 28 Comments
Fixed Income Momentum Strategies - January 2013
Ploutos • Mon, Jan 7 • 2 Comments
Bond ETFs Rip On Equity Market Fears
Wall Street Sector Selector • Wed, Oct 24, 2012
The 3 Most Overvalued Assets
Howard Gold • Thu, Sep 27, 2012 • 12 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
Employment Report Brings iShares Barclays 20 Year Treasury Bond ETF Into Focus
Stoyan Bojinov • Fri, May 4, 2012
How Risky Are Long Treasury Bonds? Implications For Bond Investors
Ploutos • Tue, Mar 27, 2012 • 13 Comments
U.S. CPI Reading Brings iShares 20 Year Treasury ETF Into Focus
Stoyan Bojinov • Fri, Feb 17, 2012 • 3 Comments
3 Reasons To Short U.S. Treasuries
Simon Moore • Fri, Feb 10, 2012 • 16 Comments
Out Of Bondage
William Smead • Wed, Feb 8, 2012 • 9 Comments

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There are no Focus articles on UBT.

Fixed Income Momentum - May 2013
Ploutos • Mon, May 6 • 5 Comments
The Coming Bond Market Collapse: 3 Ways To Escape The Damage
Wall Street Wisdom • Sat, Apr 27 • 33 Comments
Bond Market Review Q1 2013
Ploutos • Mon, Apr 8 • 7 Comments
Treasury Yield Snapshot: 10-Year At Its 2013 Low
Doug Short • Fri, Apr 5 • 3 Comments
Fixed Income Momentum - April 2013
Ploutos • Tue, Apr 2 • 8 Comments
Fixed Income Momentum - March 2013
Ploutos • Fri, Mar 1 • 10 Comments
Treasury Yield Snapshot: 10-Year Still Hovering Near 2%
Doug Short • Sun, Feb 24 • 2 Comments
The Bond Vigilantes Have Been Taken Out Back And Shot
Paulo Santos • Tue, Feb 5 • 42 Comments
Fixed Income Momentum Strategies - February 2013
Ploutos • Fri, Feb 1 • 6 Comments
2012 Bond Market Review And Outlook For 2013
Ploutos • Tue, Jan 8 • 28 Comments
Fixed Income Momentum Strategies - January 2013
Ploutos • Mon, Jan 7 • 2 Comments
Bond ETFs Rip On Equity Market Fears
Wall Street Sector Selector • Wed, Oct 24, 2012
The 3 Most Overvalued Assets
Howard Gold • Thu, Sep 27, 2012 • 12 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
Employment Report Brings iShares Barclays 20 Year Treasury Bond ETF Into Focus
Stoyan Bojinov • Fri, May 4, 2012
How Risky Are Long Treasury Bonds? Implications For Bond Investors
Ploutos • Tue, Mar 27, 2012 • 13 Comments
U.S. CPI Reading Brings iShares 20 Year Treasury ETF Into Focus
Stoyan Bojinov • Fri, Feb 17, 2012 • 3 Comments
3 Reasons To Short U.S. Treasuries
Simon Moore • Fri, Feb 10, 2012 • 16 Comments
Out Of Bondage
William Smead • Wed, Feb 8, 2012 • 9 Comments

There are no Transcripts on UBT.

10 High-Powered ETFs That Nobody Wants

at CNBC.com (Aug 24, 2011)

UBT vs. ETF Alternatives

UBT Description

ProShares Ultra 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 daily performance of the Barclays Capital 20+ 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

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]
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]

Wall Street Sector Selector
bonds rip on equity fear (TLT) (UBT) http://bit.ly/RUBV7A
10/23/12
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1980XLS-2.0
UBT lookin like a good short here.
1/13/12
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cheme: TMF / TMV
1/13/12
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1980XLS-2.0
That Uncle Ben is one, twisted, SOB. TBT UBT
12/28/11
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anonymous#12: Doing God's work.
12/28/11
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cheme: TMV TMF
12/28/11
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1980XLS-2.0
They need to keep yields low, in order to keep up the deficit spending. TLT UBT
12/19/11
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Demi9OD: It's a fine line they walk, keeping the bond market scared enough for low yields while pomo'ing equities just enough to not induce panic.
12/19/11
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Wyatt Junker: No more discussion of basis points. We can't float it anymore anyway. Now, we'll only talk in nano-bips movements in rates going forward.
12/19/11
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1980XLS
UBT, out 124.44 piddly .14 gain and a waste of time.
11/10/11
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Irishmedic: lol, its fact ur a bot. Only a bot complains when they win, but not the win by the amount they predicted, lol
11/10/11
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cheme: Hmm...TLT holding and rising a bit...interesting w/no bond mkt tomorrow. But I think we'll get a bit of a TLT selloff post 330p.
11/10/11
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1980XLS
Uncle Ben, WTF? You were supposed to have my back on this trade, you Twisted MF-er UBT
11/10/11
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neobliviscar: Heli Ben shived d kidneys. B4 QE3 talk, I think about selling some Dec SLV puts for premium. In too much cash after covering shorts earlier.
11/10/11
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neobliviscar: And just did it, selling the Dec 28 puts. Will sell some of the Dec 30 if I can get $1.00 for them later.
11/10/11
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1980XLS
UBT in @ 124.30
11/10/11
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1980XLS: Wow, you were not kidding TMF already bounced $3 off the bottom, meanwhile UBT has done dick.
11/10/11
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cheme: Much more liquid also though you could look more at Bid on UBT.
11/10/11
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140 characters

1980XLS
Just dumped UBT for $1.17 gain since yesterday afternoon.
10/19/11
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1980XLS
back in UBT 120.76
10/18/11
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1980XLS
I should have been a bit more patient, before selling my UBT position, earlier in the day.
10/17/11
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cheme: Was thinking TMF on Friday also. Technically (based on TLT chart) looks good.
10/17/11
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LATEST REPLIES

1980XLS-2.0
UBT lookin like a good short here.
1/13/12
Reply (1)

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cheme: TMF / TMV
1/13/12
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140 characters

1980XLS-2.0
That Uncle Ben is one, twisted, SOB. TBT UBT
12/28/11
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anonymous#12: Doing God's work.
12/28/11
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cheme: TMV TMF
12/28/11
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140 characters

1980XLS-2.0
They need to keep yields low, in order to keep up the deficit spending. TLT UBT
12/19/11
Reply (3)

• !Report Abuse
View all 3 replies
Demi9OD: It's a fine line they walk, keeping the bond market scared enough for low yields while pomo'ing equities just enough to not induce panic.
12/19/11
• !Report Abuse
Wyatt Junker: No more discussion of basis points. We can't float it anymore anyway. Now, we'll only talk in nano-bips movements in rates going forward.
12/19/11
• !Report Abuse
Add a reply...

140 characters

1980XLS
UBT, out 124.44 piddly .14 gain and a waste of time.
11/10/11
Reply (3)

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View all 3 replies
Irishmedic: lol, its fact ur a bot. Only a bot complains when they win, but not the win by the amount they predicted, lol
11/10/11
• !Report Abuse
cheme: Hmm...TLT holding and rising a bit...interesting w/no bond mkt tomorrow. But I think we'll get a bit of a TLT selloff post 330p.
11/10/11
• !Report Abuse
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140 characters

1980XLS
Uncle Ben, WTF? You were supposed to have my back on this trade, you Twisted MF-er UBT
11/10/11
Reply (6)

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neobliviscar: Heli Ben shived d kidneys. B4 QE3 talk, I think about selling some Dec SLV puts for premium. In too much cash after covering shorts earlier.
11/10/11
• !Report Abuse
neobliviscar: And just did it, selling the Dec 28 puts. Will sell some of the Dec 30 if I can get $1.00 for them later.
11/10/11
• !Report Abuse
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140 characters

1980XLS
UBT in @ 124.30
11/10/11
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1980XLS: Wow, you were not kidding TMF already bounced $3 off the bottom, meanwhile UBT has done dick.
11/10/11
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cheme: Much more liquid also though you could look more at Bid on UBT.
11/10/11
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140 characters

1980XLS
I should have been a bit more patient, before selling my UBT position, earlier in the day.
10/17/11
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cheme: Was thinking TMF on Friday also. Technically (based on TLT chart) looks good.
10/17/11
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1980XLS
UBT, in @ $119.34
10/14/11
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cheme: No 22 PUTs on TBT?
10/14/11
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1980XLS: nah, tired of time and implied volatility decay.
10/14/11
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1980XLS
UBT up huge again. Shoulda held that one overnight for sure
9/22/11
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Brian L. Wilson: remember this one? http://seekingalpha.com/a/69wo
9/22/11
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1980XLS: When yields go negative (as in Dec 2008) that's when you get long TBT
9/22/11
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1980XLS
Wild action in UBT, I coulda, and shoulda got even more out of it, LOL
9/21/11
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talbano: check ur email you'll love what i sent
9/21/11
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UBT ProShares Ultra 20+ Year Treasury ETF

UBT

ProShares Ultra 20+ Year Treasury ETF