June 30, 2010 at 09:54 AM EDT
LBND & SBND: Turning Treasury Bonds Into Unsecured Debt
Invesco PowerShares was all set to launch a pair of new ETNs back on June 15.  When I looked into them, I found they were going to be 3x leveraged Treasury ETNs.  My initial thought was these are ridiculous products.  Who, in their right mind, would want to buy “guaranteed by the U.S. government” Treasury securities packaged as “unsecured debt obligations” of a foreign company?  The launched was pulled at the last minute.  Ah, “cooler heads have prevailed” I thought. Turns out the launch wasn’t scrapped entirely as it should have been, it was just delayed a little.  Yesterday (6/29/10), they became a reality.  Two new ETNs were listed on the NYSE:PowerShares DB 3x Long 25+ Year Treasury Bond ETN (LBND) PowerShares DB 3x Short 25+ Year Treasury …
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here