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home / news releases / TBF - Snap Chart - Converging Yields


TBF - Snap Chart - Converging Yields

We are at a tricky place with fixed income. On October 30th, the Federal Reserve (Fed) reduced short-term interest rates for a third time this year, as expected. Fed Chairman Jay Powell characterized the 25bp move in the benchmark funds rate to 1.50% from 1.75% as a "midcycle adjustment" in a maturing economic expansion. He also indicated that there would be a higher bar for more easing in the future.

So that leaves us with super-low rates again. Complicating matters is that yields on equities and fixed income are quite close to one

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Stock Information

Company Name: ProShares Short 20+ Year Treasury
Stock Symbol: TBF
Market: NYSE

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