iPath US Treasury Steepener ETN (STPP)
iPath US Treasury Steepener ETN operates in the Asset Management industry of the Financial Services sector. The stock last traded at $24.24, down 3.62% on the session, giving a market capitalisation of $3.9M. Its beta of -2.52 implies it has historically moved less than the broad market.
This investment vehicle aims to offer participants exposure to the performance of the Barclays US Treasury 2Y/10Y Yield Curve Index™. This particular index utilizes a strategy designed to capitalize on potential returns generated by shifts in the U.S. Treasury yield curve, whether it undergoes a "steepening" or a "flattening." It achieves this objective through ongoing notional investments in U.S. Treasury note futures contracts. As a result, the index's level is constructed to rise when the yield curve "steepens" and to fall when it "flattens."
iPath US Treasury Steepener ETN is most often compared with the following Financial Services names: