“I just think at some point along the line, people are going to realize it’s absurd to lend money to the United States government for 30 years in U.S. dollars at 3 or 4 or 5 or 6 percent interest,” Rogers said, according to Reuters. “I mean the market is just going to give up. Once (the Fed) … stops buying bonds I’m not sure who’s left to buy bonds at that point.”

The  iShares Barclays 20+ Year Treasury Bond Fund (NYSEArca: TLT) has traded higher this week despite Standard & Poor’s downgrade of its U.S. credit outlook.

S&P downgraded the United States long term credit outlook, taking it from stable to poor,  the first time in history. The last time that the United States was looking at a negative rating was in the 1990s, which was averted , says Wall Street Cheat Sheet.

ETFs that profit from rising Treasury yields and lower bond prices include:

  • ProShares UltraShort 20+ Year Treasury (NYSEArca: TBT)
  • ProShares Short 20+ Year Treasury (NYSEArca: TBF)
  • ProShares UltraShort 3-7 Year Treasury ETF (NYSEArca: TBZ)
  • ProShares Short 7-10 Year Treasury ETF (NYSEArca: TBX)
  • Direxion Daily 7-10 Year Treasury Bear 1x Shares (NSYEArca: TYNS)
  • Direxion Daily 20 Year Plus Treasury Bear 1x Shares (NYSEArca: TYBS)
  • Direxion Daily 7-10 Year Treasury Bear 3x Shares (NYSEArca: TYO)
  • Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEArca: TMV)

Tisha Guerrero contributed to this article.

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