Treasury bonds have been the 'Cinderella story' of the capital markets this year, and this does not bode well for fundsters who have betted against the risk-averse assets.
Today's Wall Street Journal Fund Track article
mentioned a couple of leveraged exchange-traded funds that short Treasurys, such as ProShares UltraShort 20+ Year Treasury
] and Direxion Daily 30 Year Treasury Bear 3x Shares
], which have lost 25 percent and 40 percent year to date, respectively.
However, the article also mentioned the largest exchange-traded fund tracking the long end of the Treasury curve, the $3.3 billion iShares Barclays 20+ Year Treasury Bond Fund
], which has rallied more than 10 percent year to date.
Fundsters interested in why their fixed income portfolios are underperforming may want to check out the rest of the article.
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