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ProShares UltraShort Utilities is structured to produce daily investment outcomes that are twice the inverse (-2x) of the S&P Utilities Select SectorSM Index's daily performance, calculated prior to the subtraction of fees and operational costs.

Treasury yields hit multi-year highs as Fed rate hike expectations, oil prices and fiscal concerns weigh on bonds. Explore ETFs positioned for rising rates.

There was a sharp rise in Treasury yields last week, with the 30-year Treasury yield climbing above 5.1% on May 15, 2026. Investor concerns intensified after a series of economic reports suggested inflationary pressures were picking up again, partly due to elevated oil prices linked to Middle East tensions.

Investors may consider a short-term bearish play on rate-sensitive sectors, as these are likely to trade sluggishly if yields continue to rise.

Long-term U.S. treasury yields have been on the uptrend lately. Benchmark U.S. Treasury yields were 4.26% on Nov. 5, up from 3.74% recorded on Oct.1.

Federal Reserve Chair Jerome Powell's recent remarks indicate a delay in rate cuts.