Yields May Begin To Rise After Today's FOMC MeetingI think we will see the yields pump after the meeting is over and that the USD will pump against many FX pairs and Commodities.
Key stats
About Direxion Daily 10-Yr Treasury Bear 3x Shrs
Inception date
Apr 16, 2009
Structure
Open-Ended Fund
Replication method
Synthetic
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
TYO provides daily inverse leveraged -3x exposure to the ICE U.S. Treasury 7-10 Year Bond Index. The index is designed to rise when yields rise, making TYO a highly leveraged bet on rising yields. The fund delivers its -3x daily resetting exposure to T-Notes with 7 to 10 years left to maturity, but don`t expect the headline leverage exposure to remain the same if holding for more than one day. Management fees are of less concern, as a tactical tool, investors should pay extra attention to TYO's trading characteristics to determine if it has enough liquidity to support same-day entry and exit. Prior to May 2, 2016, TYO tracked the NYSE 7-10 Year Treasury Bond Index. The change is not expected to have a material impact on exposure or performance.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
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