Abstract: A balloon curtain mountable on a U-shaped two-piece telescoping curtain rod includes adhesive backed nylon fastening tabs attachable to the curtain rod, preferably at the ends and middle of the rod, a generally rectangular fabric body having a top and a bottom, with the top having a tubular pocket for receiving the curtain rod, a second pair of nylon fastening tabs attached inside the curtain rod pocket of the fabric body so as to be opposite to, and engageable with, the curtain rod end tabs when the curtain rod is inserted into the tubular pocket of the body. The curtain also has a pull cord mechanism for vertically raising and lowering the bottom of the fabric body, and a holding sleeve for selectively holding the pull cords and the bottom of the fabric body in a desired position.