Direxion Daily 20+ Year Treasury Bull 3X Shares ETF
  • TMF

  • $50

  • -1.59%
  • $50

  • $51

  • $50

Ticker Appearances

Wed, July 31, 2024 | 10:53AM ET

⚡ FlashInsights

Wed, July 31, 2024 | 10:53AM ET
US Treasury yields (^TNX -0.56% ) are falling sharply across the curve which can often happen during FOMC weeks, but the combination of this being the last business day of the month could fuel positioning needs for Indexers and Treasuries are certainly getting a boost from USDJPY (People can borrow Yen more cheaply to buy higher-yielding Dollars) Furthermore, 2Q employment cost index missed estimates 0.9% vs. 1.0% expected and we're certainly seeing some relief on the Supply front- Govt announced debt sales will total 125 billion next week, and buybacks doubled. So labor costs declining, coupled with US Treasury refunding holding steady and weaker economic data while USDJPY plunges are all bullish for Treasuries. This is the move which looked likely for Treasury yields after it broke down in late May and i anticipate a break of 4.00% in the weeks ahead. Any FOMC hint on dovishness will help this accelerate further. It's right to be long TLT -0.54%  with targets in high 90s near 100, and TMF -1.59%  is a more aggressive leveraged ETF offered by Direxion which is also appealing.

Daily Technical Strategy
Mon, September 12, 2022 | 5:21PM ET

US Dollar and Treasury yields likely to rally back to new 2022 highs

The upside follow-through for Equities is nearing initial time and price targets, which likely result in a stalling out/reversal as of Wednesday of this week. ...

This report is accessible to
FSI Pro, FSI Macro memberships.

You have viewed the limit of 2 reports for free this month.

To continue reading our research please sign up below.

Already have an account? Sign In

Visitor: 036ab8-6547a6-cf8512-7b95b8-269f28

Events

Trending tickers in our research