TNA is trading at $74.40 (+2.90%) as unexpectedly weak July employment data reduced expectations for a September Federal Reserve rate hike.
- U.S. payrolls fell 23,000, versus roughly 80,000 expected.
- Rate futures reduced September hike odds to 43.9% from 57%.
- Lower Treasury yields and broader U.S. equity gains are supporting rate-sensitive small-cap stocks, which TNA amplifies through its 3x daily Russell 2000 exposure.