DTYS · iPath US Treasury 10-year Bear ETN

The investment seeks to provide investors with inverse exposure to the Barclays 10Y US Treasury Futures Targeted Exposure Index?. The Barclays 10Y US Treasury Futures Targeted Exposure Index? (the index) is designed to decrease in response to an increase in the 10-year Treasury note yields and to increase in response to a decrease in 10-year Treasury note yields. The index targets a fixed level of sensitivity to changes in the yield of the current cheapest-to-deliver note underlying the relevant 10-year Treasury futures contract at a given point in time.