UBT News and Press, ProShares Ultra 20+ Year Treasury From 01/22/24

2024-01-22 12:50:00 ET Summary Geopolitical fragmentation is accelerating, as seen with recent events in Asia and the Middle East. We see it keeping inflation pressures elevated longer term. U.S. stocks climbed to record highs last week. The 10-year U.S. Treasury yield rose as mar...

2024-01-22 03:48:00 ET Summary It's increasingly challenging for the bond market - and Fed officials - to downplay the odds of a meaningful upside surprise in U.S. economic activity. The rates market ended the week pricing a 49% probability of a rate cut by the March 20th FOMC mee...

2024-01-21 06:45:39 ET Summary Renewed uncertainty regarding the pace and time of 2024 rate cuts by the Fed add to risks for stocks and bonds. The odds for a March rate cut have declined to under 50% from as high as 80% earlier this month. We expect the Fed to maintain a hawki...

2024-01-20 02:05:00 ET Summary The improving news on inflation is paving the way for monetary policy pivots over the coming months. Global consumer price inflation forecasts for 2024-25 have been slightly reduced. We have revised down our forecast of US core Personal Con...

2024-01-20 01:10:00 ET Summary So close, and then so far. That was the story of the Treasury yield curve last October, when the 10-year yield briefly touched a decades-long high of five percent. As has become the norm, the bond market took whatever the Fed said and doubled down. ...

2024-01-19 22:20:00 ET Summary Since 1992 the Chinese economy has grown from $500B to $18T. Yet the Chinese stock market has gone exactly nowhere over the same period. The headlines in financial markets for the coming weeks will be all about the new highs in US stocks. But is it a...

2024-01-19 10:30:00 ET Summary After a couple of years with multiple “Black Swans” driving erratic action in commodities, Carley Garner of DeCarley Trading expects 2024 to be a less volatile one. She believes crude oil and select soft commodities look attractive - an...

2024-01-19 08:45:00 ET Summary The US 10-year Treasury yield has been below the 3-month yield since November 2022. This rare yield inversion has preceded each recession since 1982, with no false signals. In past cycles, the US Fed stopped hiking when the yield curve inverted, ...

2024-01-19 04:55:00 ET Summary Broad disinflation across the whole CPI basket we have seen over the past year is likely over. The majority of the decline in inflation since its mid-2022 peak has been from a combination of energy disinflation, food disinflation, and goods disinflat...

2024-01-19 01:55:00 ET Summary Is sticky inflation challenging the rate cut story? Outlook for fixed income. Why a March rate cut by the Fed is looking less likely. Markets appear to be taking a sober second look at when the U.S. Federal Reserve may be ready to sta...