Treasury Shorts Continue To Get Run Over (TBT)

By Scott Rubin
Benzinga Staff Writer
August 24, 2010 12:19 PM

Symbols: TBT

Posted in: Intraday Update, Movers, ETFs

The carnage that is being inflicted on bond shorts is becoming almost unbearable. Year-to-date, the ProShares UltraShort 20+ Year Treasury Bond ETF (NYSE: TBT) has fallen 38% to $31.03. During Tuesday's trading session, the ETF has fallen another 2.02%.

There continues to be too much skepticism about bonds and speculation about a "bond bubble." When the economic train-wreck that is about to unfold comes to fruition, these bond bulls are going to look pretty darn smart and the skeptics will be proven wrong.

Undoubtedly, when the move in bonds reverses itself, it will be painful and could very well be unprecedented, but it's not going to happen overnight. In fact, this bull market looks like it will continue for the foreseeable future.

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