Is UST a buy? - Seeking Alpha

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HEADLINES:

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
Treasury Yield Snapshot: 10-Year Still Hovering Near 2%
Doug Short • Sun, Feb 24 • 2 Comments
China's Buying Cannot Stop Bond Yields Rising
Tom Luongo • Sun, Feb 17 • 61 Comments
Gold Is Behaving Like A Leveraged Long Bond
Robert Wagner • Wed, Feb 13 • 11 Comments
The Bond Vigilantes Have Been Taken Out Back And Shot
Paulo Santos • Tue, Feb 5 • 42 Comments
Institutional Investor(s) Bet Big On Leveraged Treasury ETF
Gary Gordon • Thu, Nov 1, 2012
The Illusion Of Causality Between Treasuries And REITs
Sholom Yaffa • Thu, Oct 18, 2012 • 4 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
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
Bets On Bond ETFs In Spite Of Manufacturing 'Renaissance'
Gary Gordon • Tue, May 1, 2012
How Risky Are Long Treasury Bonds? Implications For Bond Investors
Ploutos • Tue, Mar 27, 2012 • 13 Comments
The Anti-Dollar Trade Could Be Starting Now
Kevin McElroy • Fri, Mar 23, 2012 • 5 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
ETFs To Protect You From An Israel / Iran Conflict
Sammy Pollack • Sun, Feb 5, 2012 • 3 Comments
Treasuries Update: Yields Drop As Treasuries Rally
Doug Short • Thu, Dec 29, 2011

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Institutional Investor(s) Bet Big On Leveraged Treasury ETF
Gary Gordon • Thu, Nov 1, 2012
End of QE2: Quantitative Estimates
Evariste Lefeuvre • Wed, Apr 20, 2011 • 4 Comments
Deflation Risks: UST Opportunity
Jorge Piedrahita • Sun, Jun 20, 2010 • 5 Comments
Earnings Preview: UST Inc.
Theflyonthewall • Wed, Jul 23, 2008
UST Inc.: Overlooked Opportunity Due To Market Perceptions
Hilary Kramer • Thu, Oct 18, 2007 • 1 Comment
UST Inc.'s Earnings Significantly Better Than Expected
William Trent • Thu, Jul 26, 2007
UST Corp. Settles Legal Case, Puts Number On Charge
William Trent • Mon, May 7, 2007
Strong Guidance Still Leaves UST Inc. Short of Expectations
William Trent • Thu, Apr 26, 2007
UST: Parting Was More Sweet Than Sorrowful for Ex-CFO
William Trent • Tue, Apr 10, 2007
The Tobacco Alternative Is... Tobacco?
Dan Gainor • Thu, Mar 29, 2007
Review of UST Inc.’s 10K: Solid Valuation, Not Cheap
William Trent • Mon, Mar 12, 2007

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
Treasury Yield Snapshot: 10-Year Still Hovering Near 2%
Doug Short • Sun, Feb 24 • 2 Comments
China's Buying Cannot Stop Bond Yields Rising
Tom Luongo • Sun, Feb 17 • 61 Comments
Gold Is Behaving Like A Leveraged Long Bond
Robert Wagner • Wed, Feb 13 • 11 Comments
The Bond Vigilantes Have Been Taken Out Back And Shot
Paulo Santos • Tue, Feb 5 • 42 Comments
The Illusion Of Causality Between Treasuries And REITs
Sholom Yaffa • Thu, Oct 18, 2012 • 4 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
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
Bets On Bond ETFs In Spite Of Manufacturing 'Renaissance'
Gary Gordon • Tue, May 1, 2012
How Risky Are Long Treasury Bonds? Implications For Bond Investors
Ploutos • Tue, Mar 27, 2012 • 13 Comments
The Anti-Dollar Trade Could Be Starting Now
Kevin McElroy • Fri, Mar 23, 2012 • 5 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
ETFs To Protect You From An Israel / Iran Conflict
Sammy Pollack • Sun, Feb 5, 2012 • 3 Comments
Treasuries Update: Yields Drop As Treasuries Rally
Doug Short • Thu, Dec 29, 2011
Are Short Treasury ETFs Due For A Rebound?
Andrew Boral • Wed, Dec 28, 2011 • 2 Comments

UST, Inc. Q3 2008 Earnings Call Transcript
Fri, Oct 24, 2008
UST Inc. Q2 2008 Earnings Call Transcript
Thu, Jul 24, 2008
UST, Inc. Q1 2008 Earnings Call Transcript
Thu, Apr 24, 2008
UST Inc. Q4 2007 Earnings Call Transcript
Thu, Jan 24, 2008
UST, Inc. Q3 2007 Earnings Call Transcript
Fri, Oct 26, 2007
UST Q2 2007 Earnings Call Transcript
Thu, Jul 26, 2007
UST Q2 2007 Earnings Call Transcript
Thu, Jul 26, 2007

There are no News articles on UST.

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UST Description

ProShares Ultra 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 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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| 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]

Steven Bauer
Treasuries - Longer-Term: $USB, $UST, $USTU, UBT, TBT. And my last Instablog for the Day. Ten Dow 30 Co's and AAPL - recent postings.
8/22/11
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Adam Breit
30y UST ripped below 4% and didn't look back. Potential downdgrade doesn't matter...Treasuries are the safe haven and econ data looks weak
8/2/11
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McDoogle
Long $UST with the end of QE2
6/27/11
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rmorg
this is just my opinion but i think until china has a self-sustaining economy, they will hold UST's as protection against a repeat of 1997.
6/10/11
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rmorg
who is selling UST's right now? other than PIMCO, lots of people are talking about it, but not many doing it.
6/9/11
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fxmaven
strong selling EUR/USD=potential currency crisis.If WTI hits $125, EUR/USD 1.6, Euro GDP turns - .To watch:UST interest rates, set to rise.
4/9/11
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Constellation 1976
30-Year UST Bond is targeting 117.50: http://bit.ly/gg7FH6
3/30/11
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fxmaven
@David White- higher UST yields, lower prices, are bad for US equities, good for cash. The place to hide nowadays..
3/14/11
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Constellation 1976
30-Year UST Bond is trading at crucial Support - Higher rates are inevitable: http://bit.ly/foAdrf
3/8/11
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Constellation 1976
USD Index falls along the 2Y/10Y UST spread flattening. EUR/USD needs to close above 1.35 for 1.37: http://bit.ly/eiS01W
1/19/11
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