TYD seeks daily investment results equal to 300% of the daily performance of the ICE U.S. Treasury 7-10 Year Bond Index. TYD invests in securities of the index and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index is a market value weighted index that includes publicly issued U.S. Treasury securities that have a remaining maturity of greater than seven years and less than or equal to ten years.
TMF seeks daily investment results worth 300% of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index. The fund invests at least 80% of its net assets in securities of the index and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index is a market value weighted index that includes publicly issued U.S. Treasury securities that have a remaining maturity of greater than 20 years.
U.S. markets rose on Monday as U.S. President Donald Trump said he would delay any additional tariffs on Chinese goods while negotiations are still underway for a permanent trade deal.
Trump took to Twitter to punctuate progress in negotiations with the world’s second largest economy, but a definitive trade deadline has yet to be established.
I am pleased to report that the U.S. has made substantial progress in our trade talks with China on important structural issues including intellectual property protection, technology transfer, agriculture, services, currency, and many other issues. As a result of these very……
— Donald J. Trump (@realDonaldTrump) February 24, 2019
….productive talks, I will be delaying the U.S. increase in tariffs now scheduled for March 1. Assuming both sides make additional progress, we will be planning a Summit for President Xi and myself, at Mar-a-Lago, to conclude an agreement. A very good weekend for U.S. & China!
— Donald J. Trump (@realDonaldTrump) February 24, 2019
“The market seems to expect a grand ‘trade deal’ soon that marks a NAFTA2 -like quiet end to President Trump’s trade actions,” wrote Barry Bannister, head of institutional equity strategy at Stifel, in a note.
Trump Threating EU with Car Tariffs
As negotiations with China are underway to settle their trade differences, U.S. President Donald Trump turned his attention to Europe with threats to impose car tariffs on the EU–notably Germany, Austria, the U.K. and Italy.
Last month, the EU said it would impose $22.7 billion of tariffs on U.S. products if Trump follows through on imposing duties on European automotive goods the same way he imposed tariffs on tax foreign steel and aluminum last year. The EU retaliated with levies on U.S. products like motorcycles, jeans and bourbon whiskey.
“Should there be tariffs on car and car parts, which we don’t want, we have started internally to prepare a list of re-balancing measures,” EU Trade Commissioner Cecilia Malmstrom told reporters on Friday in Bucharest after a meeting of the bloc’s commerce ministers. “There is full support to do this.”
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