BIV News and Press, Vanguard Intermediate-Term Bond From 04/02/22

The Treasury curve continued flattening during the first quarter of 2022, with short-term Treasury yields rising precipitously while longer Treasury yields rose at a slower rate. As the Treasury curve flattened and yields rose, spreads on investment-grade corporates and taxable munici...

The conflict will inevitably drive food prices higher. The European Central Bank announced an acceleration of its tapering program. Commodity markets may look very different than today, with potentially large changes in sources of production, as well as in transportation and refin...

Vanguard Intermediate-Term Bond ETF (BIV) - $0.1451. 30-Day SEC Yield of 2.70% as of Mar. 29. Payable Apr 06; for shareholders of record Apr 04; ex-div Apr 01. For further details see: Vanguard Intermediate-Term Bond ETF declares monthly distribution of $0.1451

The CRB commodity price index (39% fossil fuels and 41% agriculture) has leapt 25% since Russia invaded Ukraine on February 24th and is up 38% year-to-date. The cost of living shock is big amid negative real wage gains and a freakish jump in shelter expense over the past two years. ...

BIV is an ETF that gives exposure to the intermediate-term, investment-grade U.S. bond market, having a 50/50 split between government securities and investment-grade bonds. The ETF has an intermediate duration of 6.6 years and 5- and 10-year trailing total returns which hover around ...

Historical analysis shows that value exposures have tended to outperform in a rising yield environment as it coincides with rising inflation. In a rising rate environment, traditional bonds can lose value, but investors should not write off fixed income exposure altogether. Exposu...

Corporate high-yield is outperforming the corporate high-grade index. One unusual aspect to the 2022 stock market selloff is that the Treasury trade hasn't happened. The psychological impact of crude oil and gasoline prices may be a bigger factor in the stock market sentiment data...

At the height of the pandemic, the Fed pumped trillions of dollars into the financial system through asset purchases to support markets and the broader economy. The Fed has several options for unwinding its portfolio. While we think investors will hear a lot about the Fed balance ...

Over the last two centuries, at least 23 ships are recorded as having been sunk by icebergs, while many more have sustained damage. Over the years, while ships have grown larger, so have icebergs. The largest iceberg in the world, at about 80 times the size of Manhattan, broke off the...

Russian debt, both hard currency and local currency, is largely shut down for trading. Prices for Russian government securities are pricing in a default scenario. The markets have dramatically repriced central bank expectations. For further details see: Russia Sanctions ...