This Trump effect erased gains for long-dated bond ETFs
December 01, 2016 at 14:35 PM EST
The Pimco 25+ Year Zero Coupon U.S. Treasury Index ETF was a massive outperformer in the first half of the year, but since then it has been in a nearly uninterrupted downward trend, losing a quarter of its value and falling 1.6% for the year.