UBT News and Press, ProShares Ultra 20+ Year Treasury From 10/31/23

2023-10-31 14:51:00 ET Summary What's driving Treasury yields higher? What high bond yields say about fiscal and monetary policy? Strong US GDP impact on the bond market. The U.S. 10-year Treasury has been hovering near the 5% level as investors weigh the impact of s...

2023-10-31 14:50:00 ET Summary Purchasing Managers' Indexes painted a weaker picture for manufacturing in Japan, the eurozone and the UK. The 10-year US Treasury yield continued its roller coaster ride as a wide range of factors contributed to big swings in this key data point. ...

2023-10-31 07:30:00 ET Summary Fed week this week and the ritual continues. Armageddon continues on hold, rebuffed by continuing good economic and earnings reports. A few words about inflation. If you believe the Fed’s rhetoric, the 10-year US Treasury note near 5% ...

2023-10-31 06:04:13 ET The U.S. Treasury lowered its federal borrowing estimate for the current quarter on higher revenue expectations, potentially offering reprieve amid fiscal deficit concerns. However, this would still be a record amount of borrowing compared to prior fourth qu...

2023-10-31 03:25:00 ET Summary I find it fascinating that for the first full year of inflation, 2021-2022, markets did not price in any interest rate rise at all. When the Fed finally did start to raise rates, amid raging inflation, the market even more curiously thought the rate ...

2023-10-31 00:30:00 ET Summary By themselves, Treasury yields spiking out of control can cause a recession, and October delivered both a 5% yield on 10-year Treasury bonds and 8% fixed-rate mortgages. We have gotten into a situation where the avalanche of Treasury issuance (due to...

2023-10-30 21:20:00 ET Summary Larger-than-expected Treasury issuance could lead to worsening budget deficit concerns. Nikkei reported that BOJ is considering a further adjustment to its YCC framework. FOMC expected to keep rates on hold and maintain a tightening bias. ...

2023-10-30 19:40:00 ET Summary The problems we face today, from wars to inflation to dysfunctional politics, are serious but they are no more serious than those we’ve faced in the past. Stocks have performed poorly but the underlying driver of stock prices – earnings...

2023-10-30 15:25:00 ET Summary Tectonic shifts in the U.S. financial sector are changing the markets for deposits and credit. This is a mega force we see affecting returns now and in the future. U.S. stocks hit five-month lows and 10-year Treasury yields rose above 5% last week. Q...

2023-10-30 12:45:00 ET Summary The US Treasury refunding announcement at 2 PM central today has suddenly become a big deal. The budget deficit is much larger than expected in 2023. The Street is still populated with forecasts for a 6-7% 10-year yield, which would leave much of...