VCIT News and Press, Vanguard Intermediate-Term Corporate Bond ETF From 03/06/23

2023-03-06 06:00:00 ET Summary The dollar melt-up was a major factor stoking global de-risking/deleveraging. The Federal Reserve needs to deemphasize its fixation on - and worries for - the financial markets. Unexpectedly weak jobs and earnings gains would likely spark a short...

Summary Last year proved a brutal one for fixed income - particularly for US corporate bonds, as credit spreads widened, and US Treasury yields rose sharply. As recession concerns abound, investors are seeking ways to manage credit risk in their US corporate bond portfolios without comp...

Vanguard Intermediate-Term Corporate Bond ETF ( VCIT ) - $0.2131 . 30-Day SEC Yield of 5.17% as of Feb. 24. Payable Mar 06; for shareholders of record Mar 02; ex-div Mar 01. For further details see: Vanguard Intermediate-Term Corporate Bond ETF declares monthly distribut...

Summary Vanguard's brand is synonymous with broadly diversified passive index funds with the lowest possible expense ratios. This article serves as an updated guide to which of Vanguard's 81 ETFs best meet those objectives of simplicity, total market diversification, and low cost. Y...

Summary At present, we estimate that a market loss of about -30% would be required to restore expected 10-year S&P 500 total returns to the same level as 10-year Treasury bond yields. It is dangerous and almost superstitious to take the bloated profit margins and corporate earnings ...

Summary The credit cycle lies at the heart of our financial system. Corporations and households rely on the availability of credit to facilitate economic growth and ensure financial stability. Unfortunately, the leading indicators suggest the cyclical outlook of the credit cycle is unfa...

Summary Two key risks could challenge recent market optimism: weaker consumption and a squeeze on corporate profitability. Despite these elevated risks, current credit spreads are not reflective of recessionary risks when compared with historical levels. The opportunity set for inco...

Summary Why the U.S. economy continues to display polyurethane-like flexibility and resilience, despite encountering extraordinary shocks. How portfolios can also be built with flexibility and resilience in mind. Why high-quality fixed income assets are today a critical component of...

Summary One of the phrases making the rounds among the financial media chatterboxes this week has been “no landing”. The macro news has indeed given some cause for cheer relative to some of the more dour scenarios we’ve been looking at in the past few months. Wh...

Summary Following the US Federal Reserve’s (Fed’s) series of aggressive interest-rate hikes, inflationary pressures have shown signs of easing. We believe this may pave the way for a “pivot to a pause” in monetary policy. The impact of tightening financial co...