The Direxion Daily 20-Yr Treasury Bull 3x ETF (TMF) is experiencing downward pressure due to a combination of factors affecting the U.S. Treasury market. The yield on the 10-year U.S. Treasury note stabilized around 4.56% on February 4, 2025, after a brief recovery from multi-week lows. This stabilization followed the postponement of planned U.S. tariffs on Mexico and Canada, which reduced the safe-haven demand for Treasuries. However, the imposition of tariffs on Chinese goods has reignited inflation concerns, potentially limiting the Federal Reserve's ability to cut interest rates further. Additionally, the Treasury's announcement of increased budget financing needs and a higher cash balance target has added to the market's cautious sentiment.
The current price of the TMF ETF is $40.34, reflecting a 1.49% decrease from the previous close.