ZROZ - Financial exchanges' April trading volume strengthened Y/Y as investors scramble for yield

May, 07 2022 11:13 AM PIMCO 25 Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund

Financial exchanges like CME Group (NASDAQ:CME), Intercontinental Exchange (NYSE:ICE) and MarketAxess (NASDAQ:MKTX) issued solid trading volume statistics in April at a time when elevated volatility spread across financial markets in the wake of tighter monetary policy and looming recession risks, highlighting investors' "search for yield" conundrum. For some context, S&P volatility (VIX), which is negatively correlated to the S&P 500 index (SP500), has surged more than 70% in April and stocks slid 9.1%. Financial stocks (XLF) -9.7% swooned as well. The bond market (TLT) -9.8% also faced immense selling pressure as the Federal Reserve further embraces its aggressive pivot to hawkish policy. Fed Chairman Jerome Powell on May 4 assured America that 50 basis point hikes "will be on the table" for the next couple of meetings and balance sheet runoff is set to commence in June. It comes at no surprise that financial exchange stocks also fell significantly in April, with MarketAxess (MKTX) -22.3% and Nasdaq (NDAQ) -13.5% off the

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Financial exchanges' April trading volume strengthened Y/Y, as investors scramble for yield

Company Name:	PIMCO 25 Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund
Stock Symbol:	ZROZ
Market:	NYSE

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