ProShares UltraShort 20+ Year Treasury (TBT) is an Exchange Traded Fund (ETF) that allows buyers to benefit when long treasury interest rates rise. TBT seeks daily investment results, before fees and expenses and interest income earned on cash and financial instruments, that correspond to twice (200%) the inverse (opposite) of the daily performance of the Barclays Capital 20+ Year U.S. Treasury Index.
TBT's structure limits its usefulness for long-term investors. Time decay of option (and swap) values and relatively high expenses contribute to likely tracking errors.
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http://finance.yahoo.com/echarts?s=TBT+Interactive#symbol=TBT;range=5y
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