ProShares Short 20+ Year Treasury: Downside Risk Emerges

ProShares Short 20+ Year Treasury ETF is initiated with a Sell rating and a $22 price target, implying 14% downside. TBF's performance is closely tied to rising long-term Treasury yields, but current levels do not warrant new bearish positions. I expect core CPI to steadily decline over the next twelve months, reducing the primary driver for further yield increases.