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iPath US Treasury Steepener ETN Stock Quote & Summary Data

(ETF)
STPP 
$34.5222
*  
0.4022
1.18%
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*Delayed - data as of Dec. 17, 2014  -  Find a broker to begin trading STPP now


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Description

The iPath US Treasury Steepener Exchange Traded Note is linked to the performance of the Barclays Capital US Treasury 2Y/10Y Yield Curve Index. The index employs a strategy that seeks to capture returns that are potentially available from a "steepening" or "flattening", as applicable, of the U.S. Treasury yield curve through a notional rolling investment in U.S. Treasury note futures contracts. The level of the index is designed to increase in response to a "steepening" of the yield curve and to decrease in response to a "flattening" of the yield curve. To accomplish this objective, the performance of the index tracks the returns of a notional investment in a weighted "long" position in relation to 2-year Treasury futures contracts and a weighted "short" position in relation to 10-year Treasury futures contracts, as traded on the Chicago Board of Trade. The iPath US Treasury Steepener ETN employs an index multiplier that provides the investor at maturity or upon redemption a participation rate of $0.10 gain or loss per each 1.00 point increase or decrease, respectively, in the level of the index. For purposes of calculating the closing indicative note value on a given day, the index multiplier is multiplied by the daily index performance, which is added to the daily interest that accrued from a notional investment of the value of the ETN at the 28-day U.S. Treasury Bill rate, from which all applicable costs and fees are deducted at any given time make up the Index are referred to herein as Benchmark Component Futures Contracts.


Underlying Index Barclays Capital US Treasury 2Y/10Y Yield Curve Index
Management Fee 0.75
Asset Class Fixed Income
Leverage 1

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