This ETF Loves Higher Interest Rates
Chris Kimble | Oct 21, 2022 09:59AM ET
Rising Interest rates have been very hard on stocks and bonds so far this year.
But are any ETFs doing well during this rapidly rising rate environment? Yup. The ProShares Short 20+ Year Treasury (NYSE:TBF) is up nearly 45% year to date.
TBF is screaming higher due to rising interest rates and testing a key resistance/breakout level at (1).
Stocks and bonds would love to see rates peak at current levels.
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