Bill Gross PIMCO ETF Hits Lifetime High as Bond ‘Great Rotation’ Debunked

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...