With Treasury Bonds being in the news lately I thought I’d take a look at what ETF options are available for investors wanting to take advantage of moves in the bond market. After some quick research, I found only two exchange traded funds in this category which have decent daily trading volume.

• iShares Lehman 20+ Year Treasury Bond - Ticker Symbol: TLT
• iShares Lehman 1-3 Year Treasury Bond - Ticker Symbol: SHY

For more info on these you can visit the iShares website.

The 20+ Year Treasury Bond ETF (TLT) only invests in bonds that mature in 20 years or more and thus is the more volatile fund of the two. TLT has traded in a range of 82.20 to 91.80 in the past 52 weeks. On the other hand, The 1-3 Year Treasury Bond ETF (SHY) has traded in a narrow range of 79.26 to 80.60 in the same time period. Thus, the 20+ Year ETF is the best way to play the volatility in the bond market.

Keep in mind that both of these funds pay dividends each and every month so if you decide to short them you will need to pay the dividend out of your own pocket.

Investors looking to speculate about the price movement of natural gas have a new option via the United States Natural Gas Fund, an ETF that trades under the ticker symbol UNG.

Launched by Victoria Bay Asset Management the fund is an exchange-traded security tied to natural gas prices. According to a statement, the objective of the security is “to have the changes in percentage terms of the unit’s net asset value reflect the changes in percentage terms of the price of natural gas delivered at the Henry Hub, La., as measured by the changes in the price of the futures contract on natural gas.”

Victoria Bay Asset Management is known for their other commodity fund, United States Oil Fund (ticker symbol USO), which began trading in April of 2006. For more information on the fund, click here.

TheStreet.com is launching their own version of CNBC’s Million Dollar Challenge called “Beat The Street”. Also sponsored by OptionsXpress, the game begins on April 2nd and gives participants an opportunity to win $50,000 and a trip to New York to meet Jim Cramer. In additon, the promo for the contest states that there will be daily instant-win prizes handed out.

You can register your email address and be reminded a few days before trading kicks off by visiting the site here.

TheStreet.com Inc., which trades under the ticker symbol TSCM, is a financial website co-founded by Mad Money TV host Jim Cramer. Mostly due to the popularity of Jim Cramer and the exposure he generates, shares in the company have quadrupled in value since June of 2005. According to Yahoo Finance, Jim owns 1,993,913 shares in the company, presently valued at nearly $24,000,000.