Barclays Bank has launched the iPath Series B US Treasury 10-year bear exchange-traded notes (ETNs) which track the performance of the Barclays 10-year US Treasury Futures Targeted Exposure Index TM. The new ETNs are available for trading on the CBOEBZX Exchange since February 5.
The ETNs will feature an investor fee of 0.75% per annum and will also be redeemable at the sole discretion of Barclays on any trading day on or after their inception until maturity. Investors in the existing iPath US Treasury 10-year Bear ETNs can put the existing ETNs to Barclays with no minimum redemption size and simultaneously purchase the new ETNs in an amount having an equal dollar value, with each transaction having the same valuation date and settlement date. The index is designed to d
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