Direxion Launches FAS/FAZ-Like ETFs For T-Bonds (FAS, FAZ, TYD, TYO, TMF, TMV)

247wallst — Thu, 16 Apr 2009 22:29:54 +0000

Direxion is at it again with triple-leverage ETFs. If you love trading the financial stocks for triple leverage via the Direxion Financial Bull 3X Shares (NYSE: FAS) or shorting them with triple leverage via the Direxion Financial Bear 3X Shares (NYSE: FAZ), then you have some new trading vehicles to use for bonds. You can now be long or short the US 10-Year or US 30-Year Treasury Bonds.

Direxion Daily 10-Year Treasury Bull 3X Shares (NYSE: TYD)
Direxion Daily 10-Year Treasury Bear 3X Shares (NYSE: TYO)
Direxion Daily 30-Year Treasury Bull 3X Shares (NYSE: TMF)
Direxion Daily 30-Year Treasury Bear 3X Shares (NYSE: TMV)

These were all very thinly traded so far, but they are probably unknown to almost everyone. It will be interesting to see how these trade once the FOMC does not have its near-Zero rate policy on the short end of the curve and when there is a big economic number move.

Jon C. Ogg

Posted in Bonds, Economy, ETF, IPOs Tagged: FAS, FAZ, TMF, TMV, TYD, TYO

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Direxion Launches FAS/FAZ-Like ETFs For T-Bonds (FAS, FAZ, TYD, TYO, TMF, TMV)