TYODirexion Daily 7-10 Year Treasury Bear 3x Shares
TYO Fund Description
TYO provides daily -3x exposure to a market-value weighted index of U.S. Treasury bonds with remaining maturities between 7 and 10 years.
TYO Factset Analytics Insight
TYO provides daily inverse leveraged -3x exposure to the ICE U.S. Treasury 7-10 Year Bond Index. The index is designed to rise when yields rise, making TYO a highly leveraged bet on rising yields. The fund delivers its -3x daily resetting exposure to T-Notes with 7 to 10 years left to maturity, but don’t expect the headline leverage exposure to remain the same if holding for more than one day. Management fees are of less concern, as a tactical tool, investors should pay extra attention to TYO's trading characteristics to determine if it has enough liquidity to support same-day entry and exit. Prior to May 2, 2016, TYO tracked the NYSE 7-10 Year Treasury Bond Index. The change is not expected to have a material impact on exposure or performance.
TYO Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of TYO. TYO is rated a N/A out of 5.