US74347B2016 - ETF
PROSHARES ULTRASHORT 20+Y TR
NYSEARCA:TBT (11/15/2024, 8:04:00 PM)
After market: 35.73 +0.6 (+1.71%)35.13
+0.22 (+0.63%)
ProShares UltraShort 20 Plus Year Treasury seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the ICE U.S. Treasury 20 Plus Year Bond Index.
PROSHARES ULTRASHORT 20+Y TR
The 2s10s Treasury yield curve will continue the recent steepening and should leave inversion territory around the third quarter, according to Goldman Sachs.
Rates are rising across the curve and traders are reining in Fed rate cut expectations, but stocks should still catch a bid on weakness, BofA says.
As the markets debate how soon rate cuts start, financial conditions may have the Fed thinking again, according to Nomura strategist Charlie McElligott.
Investors piled into cash this year as the Fed continued its unprecedented tightening cycle, while U.S. debt also saw record inflows.
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