Direxion Daily 7-10 Yr Trs Bull 3X ETF
Economists expect that rising inflation and a tight labor market will lead the Fed to hike interest rates this year.
As with most timeframes in the market, the laggards are a mix of surprising and obvious names (in hindsight, of course). This October, they stand out a little more than usual since so many asset classes are up this year.
Since early September, US ten-year and longer-dated paper has been falling. Rates for the US government ten-year bond jumped from 2.04% on September 7 all the way to 2.36% on October 10.
Higher interest rates affect bonds much more than stocks because interest rates and bond prices are inversely proportional to each other.