TBT Is Trading Lower. Watch This Support Area
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.