Direxion Introduces Three New Inverse Bond ETFs

Direxion, one of the largest issuers of inverse and leveraged ETFs, announced today the introduction of three new inverse bond ETFs that are not leveraged. Massachusetts-based Direxion introduced the Total Bond Market Bear 1x Shares SAGG, the Daily 7-10 Year Treasury Bear 1x Shares TYNS and the Daily 20+ Year Treasury Bear 1x Shares TYBS. The firm does offer leveraged bond funds such as the Direxion Daily 20+ Yr Treasury Bull 3X Shares TMF and the Direxion Daily 20+ Yr Treasury Bear 3X Shares TMV. Direxion has $7.5 billion in assets under management.