Wall Street's glide toward higher stocks and falling bond yields was jolted into reverse Thursday, as surprisingly strong economic data sent bond yields soaring and stocks tumbling .
For example, the iPath Series B S & P 500 VIX Short-Term Futures ETN (VXX) and the ProShares VIX Short-Term Futures ETF (VIXY) serve as bets that investor expectations of volatility will go up from here.
The UVXY is designed to provide 1.5-times returns of the VIX short-term futures and was up about 8% in midday trading.
Rising yields Profiting from rate spikes through bond funds can be a bit tricky.
The biggest fund in that space is the iShares Floating Rate Bond ETF (FLOT) , which was little changed on Thursday.
Persons:
PFIX, FLOT
Organizations:
Treasury, Dow Jones, US Treasury