Key stats
About ProShares Short 20+ Year Treasury
Expense ratio
0.92%
Home page
Inception date
Aug 20, 2009
ISIN
US74347X8496
TBF is a choice for levered bets on rising interest rates. Using a combination of swaps and futures, TBF gives investors inverse (-1x) exposure to daily moves in T-bonds with more than 20 years left to maturity. The daily reset means investors shouldn't expect the leverage factor to hold constant over investment horizons greater than one day. In short, the fund is a valid option for tactical positioning/hedging against rising interest rates, but it's important to keep in mind that the -1x leverage results in greater impact from the effects of compounding. As a levered product, TBF is not a buy-and-hold ETF, it's a short-term tactical instrument. On Oct. 14, 2016, TBF changed its underlying index from Bloomberg Barclays U.S. 20+ Year Treasury Bond Index to ICE U.S. Treasury 20+ Year Bond Index. The change had minimal impact on investors exposure.
Classification
What's in the fund
Exposure type
Government
Cash
Bonds, Cash & Other100.00%
Government52.32%
Cash47.68%
Yonder.. Time to dig into inverse Bond Plays. Lots of talk about the Bond Bull.
Setting my limit orders for entry at 16 or so.
Long TBF - $23.80 upside/$22.90 downside.Rates have come in quite a bit of late with the recent global growth fears. Look for them to bounce back as the slowdown in global growth isn't as bad as initially feared.
TBF heading higher: on the verge of major breakout!AMEX:TBF is poised for a major breakout of its long-term downtrend channel short term bullish wedge. As interest rates continue to rise, TBF is poised to benefit. Both the fundamentals and the chart are beginning to align. I will be taking a position in TBF sometime this week.
Interest Rates Look Bullish: TBF is the ETF to BuyOn December 20th I posted an idea for a long position in AMEX:TBF based on the likelihood of the asset breaking out of its long-term downtrend and short-term wedge pattern. Here is the link to the original idea:
Today this breakout is taking place and I am initiating a long position in TBF. Giv
TBF Weekly 25-50 MACD with a 10 WK MAWe have ended (as of Dec of last year when the Fed announced QE3, and rates went up from there), a 30+ yr bull market in bonds which began in Volcker's reign, when friends of mine were able to buy MA municipals at a 14% yield. Who knows what affect this will have on stocks? My guess is negative
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