VGLT News and Press, Vanguard Long-Term Government Bond ETF

Summary The markets remain stuck in a Bearish phase. The United States Federal Reserve and the pivot to monetary tightening is a primary reason for the pessimism and despair. A series of economic and geopolitical events have helped shape this reality. Until the Fed eases and mac...

Summary Prices of some durable goods have been falling for months and they did so again in November. On a year-over-year basis, the services CPI jumped by 7.2%, same as in October. The CPI for durable goods fell for the third month in a row, after the ridiculous spikes last year and...

Summary December FOMC meeting point to policymakers already starting to take a less aggressive stance to policy tightening compared to the prior four 75 basis point hikes. In line with PMI data, the latest official data signalled a slowdown in the pace of Consumer Price Inflation during...

Summary The inversion of 80% of the 10 economically important yield curves suggests a recession is likely. While many hope the Federal Reserve will “pivot,” such may not be as immediately “bullish” as many expect. As yields plummet, bond prices rise as in...

Summary Like it or not, all major stock indices are beholden to Fed policy decisions. As I've sometimes had to learn the hard way, "don't fight the Fed". Institutional investors are naturally well aware of this, and they often use futures to back into an implied Fed Funds rate. This giv...

Summary Since the middle of 2022 until now, gold has become decidedly inversely correlated with the U.S. dollar. On the latest downswing in the dollar, gold began its latest run. Taking a look at key reasons why this inverse correlation is likely to continue. Over long per...

Summary Instead of rate expectations moving higher, the near-term rate expectations hardly changed, while the 2024 federal funds implied rate expectations dropped. The yield curve became much more inverted, with short-term rates exceeding long-term yields by a larger margin. Increas...

Summary PPI is cooling off, due largely to the fact that the big PPI surges from a year ago are being “cut off” in the annual calculation. Core PPI, excluding food, energy and trade margins, rose just 0.3% in November and 4.9% in the past 12 months. ISM announced that its ...

Summary Perspective is the number one biggest shortcoming in the coverage of financial and market news. I examine perspectives on inflation, rates and recessions. Lack of perspective stems from two causes: the lack of (or willingness to dig for) historical comparisons, or the&#...

Summary Recession is foretold, in our view, as central banks crush demand to bring down inflation. We think markets are wrong to expect them to later come to the rescue. U.S. stocks fell and the Treasury yield curve inverted its most since the early 1980s. We see recent moves as reflect...