Ari I. Weinberg
Both Julian Robertson, in 2009, and Bill Gross, in 2011, backtracked for being early on macro moves in U.S. Treasuries. But the latest shift for 10-Year Treasury yields above 2.3% even has technicians declaring a break out.
Last August, long-term Treasury exchange-traded funds soared amid concerns around the debt ceiling debates and Eurozone worries. Even those late to the trade still had months of gains.
If you believe the past is prologue, the opposite trade may be here. As early as January, the short Treasury trade has been on and the drumbeat has only gotten louder.
Exchange-traded funds and notes offer several ways to take a view on a further backup in yields.
While there are dozens of exchange-traded products and options plays for creative traders and investors, here are a few tools with the creativity baked in.
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