Direxion Daily 20+ Year Treasury Bull 3X ETF receives a Hold rating due to a violent downtrend, F momentum, and a Strong Sell quantitative rating. TMF's 3x leverage amplifies both gains and losses, with volatility decay and tracking error making long-term holding highly risky. Entry is only considered tactical after a daily close above $27.60; current technicals and macro environment remain unfavorable for TMF.
If you bought Direxion Daily 20+ Year Treasury Bull 3X Shares (NYSEARCA:TMF) five years ago expecting triple the returns of long Treasuries, your $10,000 is now worth roughly $1,527.
The Case For The Leveraged TMF At The Bottom Of The Bond Market Trading Range
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The described fund is a specialized investment vehicle that focuses on providing its investors with leveraged exposure to U.S. Treasury securities with long maturities. It primarily invests in a combination of financial instruments, including swap agreements, index securities, and ETFs that collectively aim to offer 3X daily leveraged returns based on the performance of its target index. The index in question comprises U.S. Treasury securities that have a remaining maturity of over 20 years, making it a market value weighted index. This fund operates with a specific focus and is classified as non-diversified, concentrating its investments in a way that seeks to amplify the daily returns of its benchmark index.
The fund offers a unique investment opportunity through a range of financial instruments designed to magnify the returns of long maturity U.S. Treasury securities. Below are the key components of its investment approach: