ProShares launched an ETF that provides short exposure to long-term treasury bonds.

The ProShares Short 20+ Year Treasury (TBF) is built to produce 100% of the inverse performance of the Barclays Capital 20+ Year U.S. Treasury Index for a single day.  The Index measures the performance of U.S. Treasury bonds with maturities of 20 years or greater

TBF joins a two other ProShares funds that provide leveraged inverse exposure to treasuries including theUltraShort 7-10 Year Treasury (PST) and UltraShort 20+ Year Treasury (TBT).

See the ProShares ETF directory for a complete listing.