Barclays Bank has launched the iPath U.S. Treasury 5-Year Bull Exchange Traded Note and the iPath U.S. Treasury 5-Year Bear Exchange Traded Note.
The two funds are linked to the performance or inverse performance of the Barclays Capita 5Y U.S. Treasury Futures Targeted Exposure Index.
“Following the launch of our first fixed income ETN last year, we have seen increased demand from investors for ways to hedge their portfolio against moves in U.S. Treasury yields,” said Pradeep Jhanjee, head of rates structure, Americas, at Barclays Capital.
“The new ETNs allow investors the opportunity to further fine tune their exposures with long and short views on five-year U.S. Treasury futures,” added Kevin Burke, head of investor solutions at Barclays. “Today’s launch demonstrates our ongoing commitment to offering investors a comprehensive suite of products across asset classes.”