The Direxion Daily 20-Yr Treasury Bull 3x ETF (TMF) is experiencing downward pressure as U.S. Treasury yields hit a 14-month high. This surge in yields is primarily driven by market anticipation of upcoming economic data releases and speculation around potential tariff implementations. The heightened yields reflect investor concerns about inflationary pressures and the Federal Reserve's future interest rate decisions, which are influencing the bond market's outlook. Additionally, the bond market is bracing for a challenging year, with geopolitical uncertainties and fiscal policies under the new U.S. administration adding to the volatility.
The TMF ETF, which is sensitive to movements in long-term Treasury yields, has seen its price decrease to $38.63, marking a 1.88% decline from the previous close.