Long-Term Treasury ETF Closed at $54.65

Investors in the PIMCO 25+ Year Zero Coupon U.S. Treasury Index ETF saw shares finish at $54.65 amid current yield conditions.

Updated on Sept. 30, 2026 in Investing

Isometric editorial illustration of a stack of thick paper bond certificates secured by a binder clip, symbolizing long-term debt securities. — The PIMCO 25+ Year Zero Coupon U.S. Treasury Index ETF finished trading at $54.65 on September 29, reflecting shifts in interest rate environments. AI Illustration. Upload story photo >

Live Poll

Is now a good time for you to invest in long-term government debt?

The PIMCO 25+ Year Zero Coupon U.S. Treasury Index ETF, which tracks long-term Treasury securities, closed at $54.65 on Sept. 29. The fund is designed to reflect the performance of long-dated assets as interest rate environments shift.

Why it matters

The value of these zero-coupon securities is driven by the discounted value of their final principal payments, making them sensitive to current yield fluctuations. Investors monitor these funds to understand how long-term debt pricing reacts to the 30-year U.S. Treasury par yield, which currently stands at 5.59%.

The PIMCO 25+ Year Zero Coupon U.S. Treasury Index ETF closed at $54.65 on Sept. 29. The fund carries a 0.15% expense ratio while tracking underlying securities with a 25-year maturity duration.

The players

PIMCO

An investment management firm that provides a range of fixed-income products and exchange-traded funds.

The details

The ETF tracks the ICE BofA Long U.S. Treasury Principal STRIPS Index, which contains long-term, zero-coupon securities. Because these bonds pay no interest and instead rely on the discounted value of final principal payments, their market prices fluctuate significantly based on changes in yields. Importantly, because these are ETFs, shares trade at market prices that can deviate from the underlying net asset value.

Oct. 30, 2009: The ETF launched.
Sept. 29, 2026: The ETF closed at $54.65.

Money Landscape

The current market price follows a pattern set by the 2009 launch of the PIMCO 25+ Year Zero Coupon U.S. Treasury Index ETF. The fund's performance reflects the ongoing cycle of long-term debt yields.

Investors holding or considering zero-coupon Treasury ETFs should review how interest rate changes affect the market price of their positions. Because shares trade at market prices, it is important to discuss your investment strategy with a qualified financial professional.

The takeaway

Long-term zero-coupon bonds are highly sensitive to yield changes due to their structure. Check your current portfolio allocation to ensure your exposure to interest rate risk aligns with your long-term financial goals and risk tolerance.