Direxion Introduces Three New Inverse Bond ETFs

Direxion, one of the largest issuers of inverse and leveraged

, announced today the introduction of three new inverse bond ETFs that are not leveraged. Massachusetts-based Direxion introduced the Total Bond Market Bear 1x Shares (NYSE: SAGG), the Daily 7-10 Year Treasury Bear 1x Shares (NYSE: TYNS) and the Daily 20+ Year Treasury Bear 1x Shares (NYSE: TYBS). The firm does offer leveraged bond funds such as the Direxion Daily 20+ Yr Treasury Bull 3X Shares (NYSE:

) and the Direxion Daily 20+ Yr Treasury Bear 3X Shares (NYSE:

). Direxion has $7.5 billion in assets under management.