World of Finances

Investors will have another way to play both directions of the U.S. Treasury market with the introduction of new exchange traded notes from Barclays. The new iPath ETNs have launched just as the markets are teetering on the uncertainty over the U.S. debt limit.

The iPath US Treasury 5 Year Bull ETN and iPath US Treasury 5-Year Bear ETN let investors bet for or against this sector of the Treasury market. The “bear” ETN profits when Treasury bond prices fall and yields rise.

“The new ETNs allow investors the opportunity to further fine tune their exposures with long and short views on 5-Year U.S. Treasury futures,” said Kevin Burke, head of investor solutions at Barclays Capital.

The U.S. bond market could see volatility as the deadline on the U.S. debt ceiling looms.

Overall, Treasury ETFs have bounced in a range in recent weeks.

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NEW YORK (Reuters) – Stocks ended lower on Monday as bank shares bore the brunt of investor frustration over governments’ inability to solve debt crises in the United States and Europe.

Based on the latest available data, the Dow Jones industrial average fell 92.45 points, or 0.74 percent, to end unofficially at 12,387.28. The Standard & Poor’s 500 Index was down 10.63 points, or 0.81 percent, at 1,305.51. The Nasdaq Composite Index was down 24.69 points, or 0.89 percent, at 2,765.11.

(Reporting by Caroline Valetkevitch; Editing by Kenneth Barry)

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