PIMCO's ZROZ ETF surged 8.8% in 4 trading sessions mirroring past market chaos, outperforming equities by a rare margin.

In just four trading sessions, a long-duration Treasury bond ETF has surged almost 9%, similar to rallies seen during the 2020 pandemic panic and the deflationary scare of August 2024. The PIMCO 25+ Year Zero Coupon U.S. Treasury Index ETF (NYSE: ZROZ) saw an 8.8% increase from Sept. 3 to Sept. 8. This rise was driven by a sharp decline in Treasury yields following a dismal U.S. jobs report, leading to expectations of impending Federal Reserve rate cuts. On the day of the jobs report (Sept. 6), the fund spiked 2.7%, among its largest daily gains in 2025. In contrast, the SPDR S&P 500 ETF Trust (NYSE: SPY) only rose 1.3% during the same period, highlighting an unusual bond outperformance over stocks, a trend not often seen since the pandemic. The unexpected jobs data significantly altered market outlooks, as only 22,000 jobs were added in August. More details can be found on Benzinga.com.