[quote=paramount]What about tbt? (treasury ultra short)[/quote]
It’s interesting. My girlfriend has been in and out of that a couple dozen times over the last 6 months, made a ton of money. Both short and long. But it reacts to what the Fed does a lot more than the equities market. At least for the time being, the bond market hasn’t shown any concern, only the bill market. There may be an opportunity there, but it’s kind of hard to say what kind of reaction there will be. When investors bail from equities, they typically head to bonds. Eventually this is going to get fixed, and all interest and principle will be paid. TBT isn’t a buy and hold thing, theta erodes it. Long term it can’t do anything but go down. But for the next 14 days, I’d be shocked if it fell much from its close today.
