Rising Yields Bring Inverse Treasury ETFs Back to Positive Territory
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Rising yields have led to a positive performance for inverse Treasury ETFs, specifically the Direxion Daily 20+ Yr Trsy Bear 3X ETF (TMV) and the Direxion Daily 7-10 Year Treasury Bear 3X Shares (TYO).
November 13, 2024 | 5:00 pm
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POSITIVE IMPACT
The Direxion Daily 20+ Yr Trsy Bear 3X ETF (TMV) has returned to positive territory due to rising Treasury yields.
As Treasury yields rise, inverse ETFs like TMV benefit, leading to positive performance. This is significant for investors in TMV as it indicates potential gains.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
The Direxion Daily 7-10 Year Treasury Bear 3X Shares (TYO) has also moved back into positive territory with the increase in Treasury yields.
Rising Treasury yields positively impact inverse ETFs like TYO, resulting in a return to positive performance. This is crucial for TYO investors looking for gains.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 90