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TBT Is Trading Lower. Watch This Support Area



January 24, 2011 – Comments (0)

The ProShares UltraShort 20+ Year Treasury ETF (NYSE:TBT) is trading lower this morning by 0.27 cents to $38.71. This ETF will generally trade with the yields and not the price of the bond. Therefore, when a trader believes yields will rise the TBT could be a way to play that move. Traders can watch for the TBT to have intra-day support around the $38.50 area.

Nicholas Santiago

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