REX Shares & BMO Launch 3X Leveraged Corporate Bond ETNs
REX Shares and BMO have launched 3X leveraged corporate bond exchange-traded notes (ETNs). The announcement notes that volatility from shifting Federal Reserve expectations and geopolitical events creates a backdrop suited to active bond traders.
Why it matters — The launch adds a new leveraged product to REX's exchange-traded offerings, expanding its lineup in the corporate bond space that REX watchers track.