Sovereign Bond ETNs Hit The Market

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Deutsche Bank and PowerShares launched six exchange traded notes (ETNs) this week, which give exposure to single-country bonds.  The ETNs are desinged to track foreign sovereign-bond futures and will be denominated in U.S. dollars, reports John Spence for MarketWatch.

These will be the first ETNs to provide investors with leveraged or unleveraged exposure to the U.S. dollar value of the returns of international bond futures.  The exposure includes German sovereign bond futures, Italian sovereign bond futures and Japanese sovereign bond futures. [ETNs: Everything You Want to Know]

The new foreign fixed income futures based notes include:

• PowerShares DB German Bond Futures ETN (NYSE Arca: BUNL)
• PowerShares DB 3x German Bond Futures ETN (NYSE Arca: BUNT)
• PowerShares DB Italian Treasury Bond Futures ETN(NYSE Arca: ITLY)
• PowerShares DB 3x Italian Treasury Bond Futures ETN (NYSE Arca: ITLT)
• PowerShares DB Japanese Govt Bond Futures ETN (NYSE Arca: JGBL)
• PowerShares DB 3x Japanese Govt Bond Futures ETN (NYSE Arca: JGBT)

Tisha Guerrero contributed to this article.