PowerShares Launches Six Sovereign Bond Funds

For investors looking for the relative safety of German bonds or for those looking to take a flier on Italian or Japanese government debt, PowerShares might just have the ETN for you. The ETF issuer rolled out six ETNs today that are plays on German, Italian and Japanese bond futures. The new ETNs will include straight 100% exposure to the sovereign debt markets as well as 300% leveraged coverage, according to Barron's. The new ETN's are as follows: The PowerShares DB German Bund Futures ETN BUNL The PowerShares DB 3x German Bund Futures ETN BUNT The PowerShares DB Italian Treasury Bond Futures ETN ITLY The PowerShares DB 3x Italian Treasury Bond Futures ETN ITLT The PowerShares DB Japanese Govt Bond Futures ETN JGBL The PowerShares DB 3x Japanese Govt Bond Futures ETN JGBT