
One long-duration Treasury bond ETF has surged nearly 9% in just four trading sessions, a performance that mirrors rallies last seen during the 2020 pandemic panic and the deflationary scare of August 2024.
The PIMCO 25+ Year Zero Coupon U.S. Treasury Index ETF (NYSE:ZROZ) jumped 8.8% between Sept. 3 and Sept. 8, fueled by a dramatic drop in Treasury yields after a shockingly weak U.S. jobs report reignited bets on imminent Federal Reserve rate cuts.