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Inverse Treasury ETFs Surge as Yields Rise - Yahoo Finance

The U.S. Treasury yields have been on a surge lately, driven by the expectations of the Federal Reserve maintaining elevated interest rates. Both 10-year and 30-year Treasury yields touched significant multi-year highs. The trend of issuing new bonds is expected to continue due to the federal government's increasing deficits.The 10-year yields rose to 4.53%, a level not seen since October 2007, while the 30-year yield reached 4.64%, its highest level since April 2011. This has led to a surge in ETFs that bet against U.S. Treasury bonds.Direxion Daily 20+ Year Treasury Bear 3x Shares TMV and ProShares UltraPro Short 20+ Year Treasury ETF TTT are the biggest beneficiaries of the trend, rising 7.5% each.

Yahoo     Sep 26, 2023