UBT News and Press, ProShares Ultra 20+ Year Treasury

2024-07-19 09:52:00 ET Summary The Federal Reserve is widely expected to start cutting interest rates at the Sep. 18 FOMC meeting, but the debate is turning to how far the central bank will trim its policy rate once the easing begins. The true neutral rate is unobservable, and so ...

2024-07-19 04:20:00 ET Summary The ECB decided to keep rates on hold as expected, and markets received little forward guidance. We see a continuation of the global macro trend for steeper curves, driven by the prospect of future cuts. We saw something similar for the Gilt curv...

2024-07-18 07:40:00 ET Summary Fed Funds rate currently above T-Bill rates, historically follows T-Bill direction with a margin for flexibility. Fed's belief in market psychology of "Fed in charge", historical misses in predicting recessions. The Fed will cut its rate once the...

2024-07-18 07:15:00 ET Summary The ECB is not likely to cut at this meeting and will likely refrain from committing to future cuts. Markets are very close to pricing in two more 25bp cuts for this year, which limits the scope for the short end of the curve to come down. In Fra...

2024-07-18 06:30:00 ET Summary More data was released indicating greater disinflationary progress in the US - which, in my view, means we will get a Federal Reserve rate cut this quarter. I think this will be a rather positive earnings season. S&P 500 companies are forecasted ...

2024-07-17 22:10:00 ET Summary The combination of the Great Financial Crisis period and the Covid era created some of the most interesting economic experiments in history, which also resulted in some of the worst narratives in finance and economics. In the wake of the Financial Cr...

2024-07-17 21:45:00 ET Summary Government borrowing and the national debt are barely getting a mention in the US election campaign, yet a failure to change trajectory risks further debt downgrades, more market volatility and higher borrowing costs. This will pose ec...

2024-07-17 08:30:00 ET Summary Explore key themes from our Secular Outlook, including fiscal policy, geopolitical risks, AI, and upcoming elections, and learn how these factors could shape the future of fixed income markets. 2024 elections obviously can potentially be a disruptor ...

2024-07-17 07:00:00 ET Summary The reordering of US election outcomes led to a bear steepening in US treasuries. The global easing cycle kicked off with the European Central Bank, Bank of Canada, Riksbank, and Swiss National Bank all beginning interest rate cuts. Financial mar...

2024-07-17 05:52:00 ET Summary Markets are now pricing in 48bp of ECB cuts in 2024, just shy of two full 25bp cuts. The rate-cutting narrative building in the US was the main driver of the increase, but in our view, the spillovers will be more limited. The Fed’s Be...