I opened
$Direxion Daily 20 Year Plus Treasury Bull 3x Shares(TMF)$ ,
I decided to buy back TMF after reconsidering various factors, particularly US Treasury yields. While the initial jobless claims data may not have been favourable for TMF, other elements such as movement in Treasury yields, present a more positive outlook. If yields stabilise or decrease, long-term treasury bonds, which TMF is leveraged on, could see an increase in value. I recognised that despite the potential risks from the labour market data, these other factors might provide an opportunity for TMF to perform well in the longer term.
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