ProShares Ultra 7-10 Year Treasury (NYSEArca: UST)
Bearish Equivalent: ProShares UltraShort Lehman 7-10 Year (NYSEArca: PST)
Comment: This is one way of looking at UST: Investors that are convinced IEF is moving higher can apply that conviction to UST. UST, which is one of the largest leveraged Treasury ETFs after TBT, attempts to deliver twice the daily returns of the Barclays U.S. 7-10 Year Treasury Bond Index. That is also IEF’s underlying index. UST has done an excellent job of performing as advertised. IEF is up just under 4% this year while UST is higher by almost 8%.