iPath US Treasury 10-year Bear ETN (DTYS)
iPath US Treasury 10-year Bear ETN operates in the Asset Management - Leveraged industry of the Financial Services sector. The stock last traded at $120.00, up 918.90% on the session, giving a market capitalisation of $11.9M. Its beta of -11.40 implies it has historically moved less than the broad market.
This exchange-traded note (ETN) is designed to offer investors returns that inversely track the performance of the Barclays 10Y US Treasury Futures Targeted Exposure Index. This specific index is constructed to fall in value as 10-year U.S. Treasury note yields rise, and conversely, it gains value when these yields decrease. Its methodology maintains a consistent level of responsiveness to shifts in the yield of the "cheapest-to-deliver" 10-year Treasury note, which serves as the basis for the corresponding futures contract.
iPath US Treasury 10-year Bear ETN is most often compared with the following Financial Services names: