TYBS News and Press, Direxion Daily 20+ Year Treasury Bear 1X Shares Direxion Shares ETF Trust From 03/10/20

Today was the greatest crash in Wall Street history by one measure and took down many other milestones. The Dow plunged 2,012 points in its largest single-session drop on record! Percentage-wise, it was down 7.8%, which still knocked out decades of lows, leading to "Black Monday" being the hot...

Everyone with a pension fund or 401K invested in stocks better hope the Fed becomes the buyer of last resort, and soon. Much has been written about what the Federal Reserve cannot do: it can't stop the COVID-19 pandemic or reverse the economic damage unleashed by the pandemic. But let...

Hand sanitizer is not the only commodity in short supply due to the outbreak of the coronavirus. Since late January, when the first case of the virus was reported in the U.S., investors have not been able to buy enough long bonds. Interest rates on 30-year bonds have fallen by 134 basis poin...

Easy Money Becomes Even Easier Last week, the FOMC surprised the markets with a rare inter-meeting rate cut. As the FOMC statement released on the occasion reveals, the decision to cut the Federal Funds rate by a hefty 50 basis points was unanimous. The much-lamented "zero bound" is coming...

Investment thesis: the bond market is still the beneficiary of a huge flight to safety. However, it's possible to argue that the Treasury market charts are starting to go parabolic, which means they may be nearing a top. Other markets are generally in uptrends. The big news this week was th...

Take a good look at March 26's moves in long-term US Treasury yields, because chances are you won't see moves of this magnitude again soon. Let's start with the yield on the 30-year US Treasury. March 26's decline of 29 basis points in the yield will go down as the largest one-day decline in t...

By John R. Mousseau, CFA and Tom Patterson The turmoil and volatility in the equity markets is also greatly affecting bond markets, with both taxable and tax-free yields shifting down sharply. You can see the dramatic drop in yields this year, particularly in US Treasury yields, with the...

Negative Interest Rates I have been pondering interest rates a lot recently, in light of where I think the economy is headed as well as current Fed policy. I mean, who hasn’t been thinking about it? The world is totally upside down with interest rates. And let’s not forget ...

The Fed sets the Fed Funds rate to match T-Bill rates with a small premium. The premium has fallen since Paul Volcker who typically set Fed Funds 1% above T-Bill rates. His only preemptive actions were to quash inflation thinking by consumers with 2 sharp rate increases to force US into back-...

By Owain Johnson The U.S. Federal Reserve plans to gradually reduce its “repo operations” over the next few months in response to calmer prevailing market conditions. The cash infusions have been the major supplier of liquidity to the U.S. repo markets. The Fed ann...