Invesco Long Term Government Bond Index ETF (PGL)

Invesco Long Term Government Bond Index ETF (PGL $23.58)
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Q: With anticipated increase in US interest rates fixed rate income investments are expected to suffer, examples are ZPL & PGL.

Any thoughts on why preferred shares are experiencing the opposite trend with substantial gains, examples TRP.PR.E & RY.PR.Z?

Read Answer Asked by Ted on March 13, 2017