Amidst all of the financial worries stemming from the Eurozone overseas, iPath launched two new U.S. Treasury ETNs this week, including options for establishing both long and short exposure to intermediate term Treasury futures. The iPath U.S. Treasury 5-year Bull ETN (DFVL) offers long exposure to the Barclays Capital 5Y US Treasury Futures Targeted Exposure Index, which seeks to produce returns that track movements in response to changes in the yields available to investors purchasing 5-year U.S. Treasury notes. The iPath U.S. Treasury 5-Year Bear ETN (DFVS) offers inverse exposure to the same index described above, giving investors an option for taking a short position in 5-year Treasury futures contracts. To accomplish this objective, the performance of the index tracks the returns of a notional investment in a weighted long position in relation to 5-year Treasury futures contracts, as traded on the Chicago Board of Trade.
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