VCSH News and Press, Vanguard Short-Term Corporate Bond ETF From 06/02/21

The Global Market Index’s (GMI) expected risk premium held steady at 5.9% annualized in May, matching the previous month’s estimate. The framework for estimating equilibrium returns was initially outlined in a 1974 paper by Professor Bill Sharpe. Keep in mind, too, t...

The major asset classes delivered across-the-board gains for a second month in a row in May. Everything apart from cash was up last month, led by a sizzling rally in foreign inflation-linked government bonds. The FTSE Russell World Inflation Index ex-US surged 4.0% last month, the...

Vanguard Short-Term Corporate Bond ETF (VCSH) - $0.1098.30-Day SEC Yield of 0.78% as of May 26.Payable Jun 04; for shareholders of record Jun 02; ex-div Jun 01. For further details see: Vanguard Short-Term Corporate Bond ETF declares monthly distribution of $0.1098

1Q21 earnings season for investment grade issuers was strong and better than expected. Key themes from earnings calls included optimism around the post-pandemic recovery in the U.S., but also more mixed global trends. Going forward, potential headwinds will need to be monitored as...

Federal reserve minutes and recent comments suggest inflation could rise to 3%. Apart from consumer-led inflation, there is further room for producer prices and commodity prices rise. Inflation expectations are still underpriced, and the US Treasury/TIPS spread implies future infl...

As the U.S. birth rate fell to a new low in 2020, it appears that COVID-19 and associated economic weakness/uncertainty has accelerated a preexisting trend of falling American fertility. If 2008-level fertility rates had persisted through 2020, 5.8 million more babies would have been ...

April’s weak employment numbers threw the markets a curve, resulting in a counterintuitive reaction to payrolls missing expectations by more than 700K.Stocks rallied, with the Nasdaq (COMP.IND) (QQQ), S&P (SP500) (SPY), Dow (DJI) (DIA) and Russell 2000 (RTY) (IWN) all higher.And bo...

Diversification remains key. Flexible strategies can also take advantage of a more uncertain yield and spread environment. We continue to find reasonable opportunity in both public and private credit markets. We find value in non-agency mortgages and prefer cyclicals to growth sto...

Vanguard Short-Term Corporate Bond ETF (VCSH) - $0.1073.30-Day SEC Yield of 0.88% as of April 29.Payable May 06; for shareholders of record May 04; ex-div May 03. For further details see: Vanguard Short-Term Corporate Bond ETF declares monthly distribution of $0.1073

Stay short and favor junk bonds. What hasn't worked is going long Treasuries this year. Some economists expect that hotter inflation will be a temporary affair. For further details see: Junk Bonds Continue To Lead U.S. Fixed Income Markets In 2021