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ProShares Short 7-10 Year Treasury

TBX

Market cap $23.6M

29.51 USD

+0.05

0.17%

At close Updated Sep 15, 4:00 PM EDT

1 day

0.17%

5 days

1.55%

1 month

2.32%

3 months

3.69%

6 months

5.47%

Year to date

6.11%

1 year

5.77%

5 years

22.7%

10 years

7.08%

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 0%

Neutral 66.7%

Negative 33.3%

Bond Vigilantes Smell Blood In The Water

Treasury Secretary Bessent insists on challenging the bond vigilantes, and neither side is backing down. The underlying trends are pointing toward volatility ahead and potentially much more.

Bond Vigilantes Smell Blood In The Water

Market Brief: The Quarter's Most Pivotal 48 Hours

On Wednesday, July 29, the FOMC rate decision will be followed by Microsoft and Meta earnings after the close. Thursday begins with the advance estimate of Q2 GDP and the June PCE inflation report before Apple and Amazon report after the bell. CME FedWatch currently implies a 62–65% probability that the Fed holds rates in July, with the remaining probability assigned to a hike.

Market Brief: The Quarter's Most Pivotal 48 Hours

Zacks Investment Research

Yields Rise on Middle East Crisis: Inverse Treasury ETFs to Buy

Treasury yields climbed as Middle East tensions linger. These inverse Treasury ETFs could benefit if inflation and bond yields keep rising.

Yields Rise on Middle East Crisis: Inverse Treasury ETFs to Buy

This Isn't 2022 - It's Not Time For TBX (Rating Downgrade)

I initially rated ProShares Short 7-10 Year Treasury ETF a "Buy" in April 2022 due to rising rates; now, I rate it a "Sell". TBX had a 14.3% annualized return from April 2022 to October 2023, while iShares 7-10 Year Treasury Bond ETF had an APR of -8.7%. The Federal Reserve's balance sheet reduction and rising national debt will put upward pressure on intermediate Treasuries in the longer-term.

This Isn't 2022 - It's Not Time For TBX (Rating Downgrade)

Rates Spark: ECB Presser Bear-Flattened The Curve

The ECB cut rates by 25bp as widely anticipated, but a slightly hawkish tilt bear flattened the EUR curve, which in our view remains priced aggressively. In the US, as the markets head towards the Fed's first rate cut, the probability of a larger cut rose slightly on Thursday.

Rates Spark: ECB Presser Bear-Flattened The Curve

Estimating The Impact Of Lower Rates On Bond Fund Dividends

It generally takes a few years for changes in Federal Reserve rates to fully impact bond fund dividends. Bond funds are still benefitting from prior rate hikes. Perhaps by enough to cancel out any future rate cuts. By my estimations, and under current Fed guidance, most bond funds would only start to see declining dividends in 2025, at the earliest.

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