Bill Gross PIMCO ETF Hits Lifetime High as Bond ‘Great Rotation’ Debunked
April 05, 2013 at 14:30 PM EDT
Call it the revenge of the bond fund managers. U.S. Treasuries were written off by many investors in the first quarter but now yields on the 10-year note have violently pulled back to the lowest levels of 2013. The iShares Barclays 20+ Year Treasury Bond Fund (NYSEArca: TLT) soared Friday after the...