The Direxion Daily FTSE China Bear 3x Shares (YANG) closed up 3.12% at $67.07 on December 27, as concerns over China's economic outlook and rising borrow rates for the ETF fueled bearish sentiment. The increase in YANG's borrow rate to 9.78% reflects heightened demand for short positions, indicating investor skepticism about China's market performance. Broader market dynamics also played a role, with U.S. stocks declining, led by technology shares, as the Nasdaq Composite fell 1.49% and the S&P 500 dropped 1.11%. Rising Treasury yields, with the 10-year yield climbing to 4.627%, added pressure on equities, contributing to the risk-off sentiment.