The Secret and Risk Behind Two High-Flying Bond ETFs

Fixed income exchange traded funds with exposure to the long end of the Treasury yield curve are loving this year’s 23% decline in 10-year Treasury yields. Two such ETFs, the PIMCO 25+ Year Zero Coupon US Treasury (NYSEArca: ZROZ) and the Vanguard Extended Duration Treasury ETF (NYSEArca: EDV), are...