On the 3rd day of Fedmas, Yellen sent to me...

Janet Yellen as Santa
H. Armstrong Roberts | ClassicStock | Getty Images; Getty Images

During each of the 12 trading days before the Federal Reserve's interest rate decision on Dec. 16, CNBC Pro is highlighting a single strategy that should work if the central bank hikes rates, as many on Wall Street expect. We found these trades using Kensho, a powerful tool used by hedge funds to analyze historical market data.

In the holiday spirit, we will call this series the "Twelve Days of Fedmas." Wednesday marks the third day so we've added another line, "Three ETNs."

On the first day of Fedmas,

Janet Yellen sent to me:

A pair trade in Curr-en-cies!

On the second day of Fedmas

Janet Yellen sent to me:

Two General Motors

And a pair trade in Curr-en-cies!

On the third day of Fedmas

Janet Yellen sent to me:

Three ETNs

Two General Motors

And a pair trade in Curr-en-cies!

If the Fed is confident enough to raise rates, investors should take it as a sign the economy is strong and the bull market is on solid ground. So certain bets on those characteristics should be successful.

CNBC Pro ran the numbers on Kensho and found certain exchange-traded notes, which are similar to the popular exchange-traded funds, perform well under a scenario of rising long-term interest rates for U.S. markets.

We looked at all the one-month periods of significant moves higher in rates over the last decade. Here are the trades that did well.

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