Rydex Juno Fund

I have been looking for ways to short housing, or interest rates. Although it is possible to short Home Builders, like Hovnanian, Toll and Pulte, there already seems to be a lot of "short interest" embedded in the price of those companies' shares. In other words, plenty of people are already short these companies and as a result, worthwhile gains might be limited.

Another way to go short housing might be to, instead, go short interest rates. An easy way to do this would be to buy the mutual fund called Rydex Juno Fund.

This fund tries to make money by betting that interest rates will rise (bond prices will fall.) If you are looking to go short interest rates, it's probably easier to invest in this fund than actually shorting forward treasury contracts yourself.