Outrageous Bid/Ask Spread on TMF. Advice on New Pick.
Posted: Thu Mar 20, 2014 12:20 am
Good thing I decided to double check TMF on multiple websites as I almost bought it based in the price given on investing.com which is completely wrong. Had a 20 cents difference there. Below are the real prices.
Direxion Daily 20+ Yr Trsy Bull 3X Shrs (TMF)
Bid: 43.52
Ask: 54.11
Price: 51.19
So this ETF is out the window unfortunately.
The only one which compares to TMF I found is a ETN called.
PowerShares DB 3x Lng 25+ Yr Trsy Bd ETN (LBND)
Bid: 33.00
Ask: 34.68
A 1.68% difference which is not perfect but much better then the 10.59% difference of TMF.
What I am worried about with LBND is that the 52 week range says. "0,00 - 50,87"
Is that a glitch? I don't see it anywhere....?

What do you guys think. Is this a good alternative or would you recommend another one?
Appreciate your guidance.
Direxion Daily 20+ Yr Trsy Bull 3X Shrs (TMF)
Bid: 43.52
Ask: 54.11
Price: 51.19
So this ETF is out the window unfortunately.
The only one which compares to TMF I found is a ETN called.
PowerShares DB 3x Lng 25+ Yr Trsy Bd ETN (LBND)
Bid: 33.00
Ask: 34.68
A 1.68% difference which is not perfect but much better then the 10.59% difference of TMF.
What I am worried about with LBND is that the 52 week range says. "0,00 - 50,87"
Is that a glitch? I don't see it anywhere....?

What do you guys think. Is this a good alternative or would you recommend another one?
Appreciate your guidance.
