VGLT News and Press, Vanguard Long-Term Government Bond ETF From 10/10/22

Summary VGLT tracks the performance of long-dated U.S. Treasuries. Climbing interest rates have translated to a disaster for the fund this year, currently off more than 30% from its 2021 high. We cover a few reasons to turn bullish including a scenario where inflation surprise...

Summary When U.S. headline inflation dropped between June and July, it fueled a strong midsummer rally based on hopes that central banks might soon begin to ease their policy tightening. However, while we are not convinced the economic outlook is yet reflected in earnings outlooks...

Summary Macro policy is ripping through markets now. We step back and look at why real assets in private markets like infrastructure could be attractive long term. Stocks fell after U.S. payroll gains slowed but not enough to deter the Fed from its singular focus on inflation, wit...

Summary The near-term forward 1-month U.S. Treasury yield now peaks at 4.84%, up 31 basis points from last week. The negative 2-year/10-year Treasury spread has now persisted for 68 trading days, widening slightly this week to a negative 41 basis points from negative 39 basis poin...

Summary It's been said that Goldman Sachs had a 5,100 SP 500 target for year-end 2022 and thought the fed funds rate would be at 1% by the same deadline. The Fed fiddled while the US capital markets burned. The current EPS estimates vs the “peak” 2022 EPS is down...

Summary Over the last two weeks Federal Reserve officials delivered 37 speeches, all of the speakers competing to see who could be the most hawkish. The big problem with the Fed’s plan to kill inflation by reducing economic growth and raising the unemployment rate is that t...

Summary The article will provide a good understanding of the relationship between interest rates and the present value of future cash flows. I will show how the substantial depreciation of growth stocks in 2022 can be explained by the concept of stock duration. The article als...

Summary Elections, inflation, tax cuts and continued monetary policy tightening were only a few factors impacting the global government bond market in September. In the U.S., the Federal Open Market Committee met on September 22 and raised its benchmark interest rate by 0.75%, for...

Summary We think that if central banks are to bring inflation back to 2% very quickly we're seeing the need for at least 3 million jobs to be disappearing in order to bring inflation quickly back to 2%. This time it's really driven by the labor supply. So because of the pandemic w...

Summary It’s the final quarter of the year, and we’re in the midst of a nasty market crash. It wouldn’t be such a big deal to see stocks getting beaten up so bad if it weren’t for the fact that bonds have been pummeled as well. Part of the problem w...