TYBS - If The Bond Market Gets Smacked Japanese Equities Are The Play

February, 18 2020 08:56 AM Direxion Daily 20+ Year Treasury Bear 1X Shares Direxion Shares ETF Trust

By Jeff Weniger, CFA

Here's your 2.03%. Take it or leave it.

That's probably what the Bloomberg Barclays U.S. Aggregate Bond Index would say if it could talk.

We think the classic "60/40" asset allocation-60% equities, 40% bonds-has a problem.

Aggregate bonds returned 5% annually in the 20 years through 2019. A repeat is mathematically impossible, unless interest rates plunge not only into negative territory but several percentage points deep into it, which I imagine would be virtually impossible due to the appeal of zero-yield physical cash in such a scenario. Even Swiss 30-year bond

Company Name:	Direxion Daily 20+ Year Treasury Bear 1X Shares Direxion Shares ETF Trust
Stock Symbol:	TYBS
Market:	NYSE

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