PIMCO Treasury ETF Closed at $54.65

The long-term U.S. Treasury fund reached a closing price of $54.65 as yields sit at 5.59%.

Updated on Sept. 30, 2026 in Investing

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The PIMCO 25+ Year Zero Coupon U.S. Treasury Index ETF finished the trading session at $54.65. This fund focuses on long-term government debt securities with a maturity duration of at least 25 years.

Why it matters

The performance of zero-coupon Treasury securities relies on the discounted value of final principal payments rather than interest payments. Investors track these instruments to gauge the impact of current 30-year par yields on long-term debt valuations.

The ETF maintains an expense ratio of 0.15% and tracks the ICE BofA Long U.S. Treasury Principal STRIPS Index. It holds long-term securities with a maturity duration of 25 years or more.

The players

PIMCO

PIMCO is a global investment management firm known for its expertise in fixed-income markets.

The details

The fund operates by holding zero-coupon U.S. Treasury securities that mature in over 25 years. Because these shares trade at market prices, investors often see discrepancies between the trading price and the actual net asset value of the underlying bond holdings.

The fund officially launched on Oct. 30, 2009.
The ETF recorded a closing price of $54.65 on Sept. 29, 2026.

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Market Dynamics

The fund tracks the ICE BofA Long U.S. Treasury Principal STRIPS Index, which defines the strategy for this investment vehicle. This structure reflects the broader movement of long-term bond ETFs as they adjust to shifting yield environments.

Retail investors should note that the fund trades at market prices, which may differ from the underlying net asset value of the Treasury holdings. Monitoring the 0.15% expense ratio is essential for calculating long-term costs in a fixed-income portfolio.

The takeaway

Understanding the sensitivity of zero-coupon bonds to interest rate changes is critical for long-term Treasury investors. Market participants should distinguish between trade prices and net asset value when evaluating these positions in their portfolios.