The Direxion Daily 20-Yr Treasury Bull 3x ETF (TMF) is experiencing upward movement as U.S. Treasury yields decline ahead of the Federal Reserve's interest rate decision. Investors are closely monitoring the Fed's first policy announcement of 2025, with expectations that the central bank will maintain the current interest rate range of 4.25% to 4.5%. The 10-year Treasury yield has fallen by 2 basis points to 4.526%, and the 2-year yield is down by 1 basis point to 4.197%. This decline in yields is largely due to the anticipation that the Fed will keep rates steady, as traders have priced in a nearly 100% chance of no change. The market is also awaiting Fed Chair Jerome Powell's press conference for further insights into future monetary policy.
The current price of the underlying security, UTWY, is 43.66, reflecting a marginal change of 0.02%. The TMF ETF has risen to $41.05, marking a 1.10% increase from the previous close.