ProShares UltraShort 20+ Year Treasury

TBT provides 2x inverse exposure, reset daily, to a market-value-weighted index that tracks the performance of US Treasury securities with remaining maturities greater than 20 years.

SPDR Bloomberg 1-3 Month T-Bill ETF

Barclays Bank iPath US Treasury 5-Year Bear Exchange Traded   Note 2011-12.7.21 Ser -A- Lkd to BC 2Y US Trsry Futs Trgtd Expsre

Barclays Bank iPath US Treasury 2-year Bull Exchange Traded   Notes 2010-13.8.20 Ser -A- Lnk to BC 2Y US Treasury Futures Trg Ex

Barclays Bank iPath US Treasury 2 Yr Bear Exchange Traded

Barclays Bank iPath US Treasury 10 Yr Bull Exchange Traded    Notes 2010-13.8.20 Sr-A Lk Barclays Cap 10Y US Trs Fut Trgt Exp Id

Vanguard Extended Duration Treasury ETF

BlackRock Enhanced Government Fund

iShares MSCI Europe Financials ETF

iShares U.S. Fixed Income Balanced Risk Factor ETF

Goldman Sachs TreasuryAccess 0-1 Year ETF

iShares U.S. Treasury Bond ETF

iShares 25+ Year Treasury STRIPS Bond ETF

Invesco Ultra Short Duration ETF

iShares 7-10 Year Treasury Bond ETF

iShares 3-7 Year Treasury Bond ETF

First Trust Long Duration Opportunities ETF

Invesco 1-30 Laddered Treasury ETF

ProShares UltraShort 7-10 Year Treasury

Schwab Short-Term US Treasury ETF

Schwab Long-Term US Treasury ETF

Schwab Intermediate-Term US Treasury ETF

iShares Short Treasury Bond ETF

iShares 1-3 Year Treasury Bond ETF

SPDR Portfolio Long Term Treasury ETF

Barclays Inverse US Treasury Composite ETN

Proshares Short 20+ Year Treasury

ProShares Short 7-10 Year Treasury

iShares 10-20 Year Treasury Bond ETF

iShares 20+ Year Treasury Bond ETF

Direxion Daily 20+ Year Treasury Bull 3X Shares

Direxion Daily 20+ Year Treasury Bear 3X Shares

ProShares UltraPro Short 20+ Year Treasury

Direxion Daily 7-10 Year Treasury Bull 3x Shares

Direxion Daily 7-10 Year Treasury Bear 3x Shares

ProShares Ultra 20+ Year Treasury

ProShares Ultra 7-10 Year Treasury

Vanguard Intermediate-Term Treasury ETF

Vanguard Long-Term Treasury ETF

Vanguard Short-Term Treasury ETF

PIMCO 25+ Year Zero Coupon US Treasury Index ETF

While there is upward pressure on market rates in 2022, it's not coming from higher net supply. In fact, lower net supply can help to richen government bonds. On top of that, we should see flatter curves over the whole of 2022. We also anticipate some upward pressure on USD Libor.

Rates Outlook: Swap Spreads To See Widening Pressure

Headline inflation in October rose to more than a 30 year high of 6.2%. Core rate up and also CPI 4.6%. Both numbers were well ahead of expectations. While the financial market repercussions for the moment have been minor, the 10-year Treasury yield's still yielding a skimpy 1.62% or real yield of nearly negative 5%. DC however, has gotten the message. Most policymakers are quickly dropping the term transitory from the vocabulary.

Still Bullish On The Long Bond - Lacy Hunt Joins Alpha Trader (Podcast Transcript)

CSOP FTSE China A50 ETF

iShares Agency Bond ETF

Xtrackers Harvest CSI 300 China A-Shares ETF

Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF

Xtrackers MSCI China A Inclusion Equity ETF

Global X China Biotech Innovation ETF

Global X MSCI China Communication Services ETF

Global X China Energy ETF

Global X MSCI China Health Care ETF

Global X China Industrials

Global X MSCI China Information Technology ETF

Global X MSCI China Large Cap 50 ETF

Global X China Materials ETF

Global X China Consumer ETF

Global X MSCI China Real Estate ETF

Global X MSCI China Consumer Staples ETF

Global X MSCI China Utilities ETF

Global X China Financials ETF

Loncar China Biopharma ETF

Xtrackers MSCI All China Equity ETF

VanEck Vectors ChinaAMC SME-ChiNext ETF

iShares MSCI China A ETF

Invesco China Technology ETF

WisdomTree China ex-State-Owned Enterprises Fund

iShares MSCI China Small-Cap ETF

iShares MSCI Hong Kong ETF

iShares MSCI Taiwan ETF

First Trust China AlphaDEX Fund

Franklin FTSE China ETF

Franklin FTSE Hong Kong ETF

Franklin FTSE Taiwan ETF

Franklin Short Duration U.S. Government ETF

iShares China Large-Cap ETF

SPDR S&P China ETF

KraneShares Bosera MSCI China A Share ETF

KraneShares CICC China 5G and Semiconductor Index ETF

KraneShares CICC China Leaders 100 Index ETF

Kraneshares MSCI China Environment Index ETF

KraneShares SSE STAR Market 50 Index ETF

KraneShares Hang Seng Tech Index ETF

KraneShares MSCI All China Health Care Index ETF

KraneShares CSI China Internet ETF

First Trust Low Duration Opportunities ETF

iShares MSCI China ETF

Invesco Golden Dragon China ETF

Rayliant Quantamental China Equity ETF

ProShares Inflation Expectations ETF

SPDR Portfolio Short Term Treasury ETF

Invesco DB US Dollar Index Bearish Fund

WisdomTree Bloomberg US Dollar Bullish Fund

Invesco DB US Dollar Index Bullish Fund

The deficit spending that supported the economy in 2020 is showing up in hot inflation numbers in 2021. While I think the inflation numbers will get better in 2022, I do not believe they will get back to pre-pandemic levels because of owners' equivalent rents and wage gains in the CPI.

Mind The Bond Market

Hunt and his partner Van Hoisington have correctly remained steadfastly bullish on long-dated U.S. Treasurys (TLT, TBT) through multiple inflation scares over the past few decades. They remain bullish today despite some scary recent CPI prints, continuing to point out the clear evidence that over-indebtedness in the U.S. will act as a deflationary force.

Still Bullish On The Long Bond - Lacy Hunt Joins Alpha Trader Podcast

PIMCO 15+ Year US TIPS ETF

Invesco PureBeta 0-5 Yr US TIPS ETF

Schwab US TIPS ETF

SPDR Portfolio TIPS ETF

iShares 0-5 Year TIPS Bond ETF

PIMCO 1-5 Year US TIPS ETF

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

iShares TIPS Bond ETF

SPDR Bloomberg 1-10 Year TIPS ETF

PIMCO Broad US TIPS Index ETF

Vanguard Short-Term Inflation-Protected Securities ETF

At the November FOMC meeting, the Fed officially announced that it would begin tapering its bond purchase program, starting in mid-November. When the Fed began tapering its QE3 program over the course of 2014, the coupon supply from the U.S. Treasury was stable, leading to an increase in net supply takedown from the private market.

Tapering Impact On Treasury Supply

ProShares UltraShort MSCI Brazil Capped

Direxion Daily CSI 300 China A Share Bull 2X Shares

Morgan Stanley Exch Traded Nts 2008-31.3.20 Ser-F Linked to S&P Chinese Renminbi TR Ind

Global X Copper Miners ETF

Invesco DB Commodity Index Tracking Fund

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares

ProShares UltraShort Oil & Gas

WisdomTree Japan Hedged Equity Fund

Direxion Daily Emerging Markets Bear 3X Shares

iShares MSCI Emerging Markets ETF

PrShrs Trust II Shs Proshares Short Euro

ProShares Short MSCI Emerging Markets

ProShares UltraShort Euro

iShares MSCI Brazil ETF

Invesco CurrencyShares Euro Trust

ProShares UltraShort FTSE China 50

Invesco Currencyshares Japanese Yen Trust

VanEck Vectors Gold Miners ETF

VanEck Junior Gold Miners ETF

SPDR Gold Trust

ProShares UltraShort Gold

WisdomTree Europe Hedged Equity Fund

iShares iBoxx High Yield Corporate Bond ETF

iShares Europe ETF

iShares MSCI India ETF

Direxion Daily Junior Gold Miners Index Bear 2X Shares

Global X Lithium & Battery Tech ETF

Invesco QQQ

VanEck Vectors Russia ETF

ProShares UltraShort Bloomberg Crude Oil

iShares Silver Trust

ProShares UltraPro Short S&P500

SPDR S&P 500 ETF Trust

ProShares UltraPro Short QQQ

Direxion Daily Technology Bull 3x Shares

Direxion Daily Technology Bear 3X Shares

ProShares Ultra Euro

United States Oil Fund LP

ProShares Ultra VIX Short-Term Futures ETF

Vanguard S&P 500 ETF

Vanguard FTSE Emerging Markets ETF

iShares Global Timber & Forestry ETF

Energy Select Sector SPDR Fund

Financial Select Sector SPDR Fund

SPDR S&P Metals & Mining ETF

Direxion Daily FTSE China Bear 3X Shares

Direxion Daily FTSE China Bull 3X Shares

ProShares UltraShort Silver

In the latest World Economic Outlook Report, the IMF said "the dangerous divergence in economic prospects across countries remains a major concern". While the IMF focused on the "vaccine divide" between developed and developing nations, there are other divergences at play.

'Dangerous Divergences'

Inflation expectation is a key metric the Fed watches closely. Housing costs - based on different measures of rents - account for one-third of CPI.

Inflation Expectations Come Unanchored

Investors should put their money in ETFs that bet against U.S. Treasury bonds amid rising yields.

Bet on Rising Yields With Inverse Treasury ETFs

Two events will drive treasury yields upwards: the taper and rate hikes. These two events will be accelerated by inflation.

ProShares UltraShort 20+ Year Treasury ETF Can Hedge Against Inflation

Xtrackers MSCI Europe Hedged Equity ETF

Xtrackers MSCI Eurozone Hedged Equity ETF

European Equity Fund

ProShares UltraShort FTSE Europe

Direxion Daily FTSE Europe Bull 3X Shares

iShares MSCI Eurozone ETF

First Trust Europe AlphaDEX Fund

First Trust Eurozone AlphaDEX ETF

SPDR EURO STOXX 50 ETF

Goldman Sachs ActiveBeta Europe Equity ETF

iShares Currency Hedged MSCI Eurozone ETF

iShares Core MSCI Europe ETF

Pacer Trendpilot European Index ETF

ProShares Ultra FTSE Europe

Vanguard FTSE Europe ETF

Higher rates are ongoing, but we wouldn't blame it on the, very moderate in our view, central bank tone. Improving economic data after the Covid 19-induced soft patch is a more credible, and durable, driver for higher rates.

Rates Spark: The Long Way Up

Historical seasonality trends over the next 3 months are cautious. Fair value model as a function of EPS and HQM funding rates.

Two Key Determinants Of S&P 500 Fair Value: SPY, TBT

The commercial banking system now maintains the largest amount of reserve balances it has ever held, thanks to the effort of the Federal Reserve System. Because of this liquidity in the banks, short-term interest rates are threatening to fall into negative territory and have not because the Fed sold $1.2 trillion in reverse repurchase agreements.

Federal Reserve Watch: Fed Keeps Reserves Into Commercial Banks

Current high inflation is labeled transitory, but some experts are saying otherwise. The move to reporting M2 on a monthly basis (M2SL) might signal additional supply to be pumped into the economy.

3 Ways To Play Inflation

Inflation is the most insidious tax of all.

TBT: My Best Inflation Play Ever

Especially at the longer end of the curve, yields appear to have declined "too far and too fast", considering the economic recovery.

TBT: A Trade Opportunity

The huge stimulus tailwinds are coming to an end. This opens doors for new trends to form and here are three stocks to trade into that.

3 Stocks to Trade After the Fed Event

I don't often write articles on the general economy or macro. However, for the past five weeks, I've gotten requests and messages to talk about what numbers and trends indicate. Given that I'm a EU investor with a diversified portfolio, I'll look at the global situation, with a focus on the larger economic blocs.

Volatility Despite Good EU Numbers - This Is How I Invest

News for ProShares UltraShort 20+ Year Treasury ETF (TBT)