TYBS News and Press, Direxion Daily 20+ Year Treasury Bear 1X Shares Direxion Shares ETF Trust From 06/15/20

By Pater Tenebrarum Printing Until the Cows Come Home… It started out with Jay Powell planting a happy little money tree in 2019 to keep the repo market from suffering a terminal seizure. This essentially led to a restoration of the status quo ante "QT" (the mythical beast known a...

On Wednesday, Fed Chair Jerome Powell stated he is considering "yield curve control." Previously, in the 1940s, when the Federal Reserve controlled the yield curve, it created deeply negative real interest rates. If repeated today, this would cause the gold price to sky-rocket. Due to the cu...

By Laurie Brignac, Head of Global Liquidity Portfolio Management, Head of Global Liquidity Portfolio Management , and Rob Corner, Senior Client Portfolio Manager We believe it's unlikely the Fed will institute a negative interest rate policy. Questions have surfaced recently about t...

The Federal Reserve will face numerous challenges in the months and years ahead. Economic output will remain below potential for years to come as we deal with the pandemic and its long-term scarring effects. An additional challenge will be a U.S. federal government budget deficit that will exc...

The messages coming out of the June FOMC (Federal Open Market Committee) meeting have not dramatically changed PIMCO's outlook for Federal Reserve policy: Over the coming months, we expect the Fed's focus will continue to shift from one of crisis management to one of keeping financial conditio...

It appears the Fed Chairman Powell has a problem understanding how Main Street works and is more interested in shoring up those in the financial sector. His statements point to him having little interest at this time in forcing some kind of action to contain "soaring risk asset prices." While ...

- The market is cherry-picking data. - Brent loses its grip on $40 per barrel. It was déjà vu all over again. It was déjà vu all over again. The slump in crude oil prices that was anticipated after US crude and fuel inventory data failed to materialize in the previous ...

By Kevin Flanagan, Head of Fixed Income Strategy Those of you outside Southern California may not be familiar with the term "June Gloom." It describes a late spring phenomenon where the marine layer brings in cool, cloudy weather in the morning, but the sun peeks through later in the after...

When last I wrote, corporate credit was trading at extreme levels only seen during two or three brief periods in the last 30 years. At the time, we were extolling the opportunity to buy credit assets at historically cheap levels, and while we could not predict where the market would bottom o...

The May inflation report , just released by the Bureau of Labor Statistics, offers an unnerving glimpse at the volatile U.S. economy, with prices rising dramatically in some sectors and falling dramatically in others. Overall, the deflationary trend continues. The BLS said the Consumer Pric...