The Widow-Maker ETF

Financial Times10-28

Fading confidence that the Federal Reserve will keep cutting interest rates has sent the 10-year Treasury yield back up over 4 per cent. That has proven painful for a lot of people who keep betting ...

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That has proven painful for a lot of people who keep betting ...</p>\n\n<a href=\"https://www.ft.com/content/ac4a175a-bf52-4be7-acd7-e3fd83756485\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TLT","symbol_name":"20+年以上美国国债ETF-iShares","start_time":0,"source_url":"https://www.ft.com/content/ac4a175a-bf52-4be7-acd7-e3fd83756485","article_id":"1150657657","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1150657657","pubTimestamp":1730092641,"columns":[],"sourceInfo":{"source_id":"financial_times_fund","name":"Financial Times"},"weMediaInfo":null,"summary":"Probably not nearly long enough to earn a place next to JGBs, Tesla or nat-gas in the widow-maker hall of fame. But as long as the US economy stays remarkably strong it’s going to be painful.","collect":0,"end_time":0,"defaultTopTitle":"ft.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TLT":"20+年以上美国国债ETF-iShares","TMF":"3倍做多20年期以上国债ETF-Direxion"},"translate_title":"寡妇制造者ETF","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TLT":1.1,"TMF":1.1},"content_text":"Fading confidence that the Federal Reserve will keep cutting interest rates has sent the 10-year Treasury yield back up over 4 per cent. That has proven painful for a lot of people who keep betting rates will fall.Finance being an industry that has never had a lot of gender diversity, investments that prove awfully and continuously bad are sometimes called “widow-maker trades”. Shorting Japanese government bonds is the cliché widow-maker, while some think shorting Chinese government bonds will be this generation’s ultimate pain trade.This is a near-$60bn ETF focused on long-maturity Treasuries. Investors who use it to bet on a dovish shift in monetary policy keep taking a pounding.What is really remarkable is that investors seemingly can’t resist putting more money into TLT despite the repeated walloping.Koyfin data indicates that the ETF has taken in another $1.45bn over the past week, lifting its 12-month inflows to $17.5bn. That’s despite sliding 9 per cent since mid-September, which has pushed 2024 performance back into negative territory (-6.7 per cent at pixel time).Even TMF, a triple-leveraged version of TLT that has lost almost 20 per cent over the past month, has seen inflows of $133.4mn in the last week, according to the data provider.How long will the punishment continue? Probably not nearly long enough to earn a place next to JGBs, Tesla or nat-gas in the widow-maker hall of fame. But as long as the US economy stays remarkably strong it’s going to be painful.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1150657657"}