“In related activity, inverse long-bond ETPs were extremely popular yesterday as well, with huge volume upticks in ProShares Short 20+ Year Treasury (NYSEArca: TBF), ProShares UltraShort 20+ Year Treasury (NYSEArca: TBT) and PowerShares DB 3x Short 25+ Year Treasury Bond (NYSEArca: SBND) for example,” he added. “TLT and HYG, along with iShares TIPS Bond (NYSEArca: TIP) are among the net leaders in asset outflows in recent sessions as well, so there is clearly selling pressure present in the fixed income markets that has accelerated in recent weeks.” [TIPS ETF Down After Producer Prices]
ProShares UltraShort 20+ Year Treasury
Full disclosure: Tom Lydon’s clients own TLT, HYG, JNK and TIP.