VTC News and Press, Vanguard Total Corporate Bond ETF From 05/05/21

Today's post rolls out the inaugural Risk Review column for the major asset classes, a monthly update that's the companion piece to the monthly performance report and risk-premia estimates. Risk analysis is a broad and deep subject and so this monthly update will be no one's idea of a...

There has been much commentary suggesting bonds have gotten overvalued due to historically low rates. At current rates, economic growth will likely very quickly return to sub-2% growth by 2022. Are bonds overvalued? No. But stocks are, and the bond market is ringing alarm bells wa...

Vanguard Total Corporate Bond ETF (VTC) - $0.1733.30-Day SEC Yield of 2.99% as of April 29.Payable May 06; for shareholders of record May 04; ex-div May 03. For further details see: Vanguard Total Corporate Bond ETF declares monthly distribution of $0.1733

The bond market is partying like it's 1999, and there is no end in sight. Despite wide spreads and tight spreads, bonds still need to be bought by insurance companies, money managers, university endowments and other institutions that have ratings partially based upon their bond positi...

Interest rates are likely in a lower-for-longer environment. Midstream crashed last year in the wake of the double black swan of the COVID-19 pandemic and the oil price war between Russia and Saudi Arabia. Since then, midstream equity prices have rebounded sharply. However, we...

Vanguard Total Corporate Bond ETF (VTC) - $0.1835.30-Day SEC Yield of 2.94% as of Mar. 29.Payable Apr 07; for shareholders of record Apr 05; ex-div Apr 01. For further details see: Vanguard Total Corporate Bond ETF declares monthly distribution of $0.1835

Higher yields have so far left the credit market largely unscathed, but they have changed the balance of opportunity. Against this year's early-cycle background, we anticipate further tailwinds for the lower-rated, more economically sensitive part of the credit market. Right now, ...

Fundamentals are in place for a major EM crisis, and I see reasonable probabilities of an unfolding crisis in Turkey providing the catalyst. Meanwhile, complacency in "developed" markets remains formidable. Is systemic crisis even possible while the major central banks are running ful...

Considering the major jump in volatility at the end of February, for our latest survey we sought an updated consensus over the managers' thoughts on the speed of economic recovery. Additionally, we asked what their inflation expectations going forward are, and whether higher rates in ...

The Consumer Price Index for Urban Consumers (CPI-U) released Wednesday puts the year-over-year inflation rate at 1.68%. It is below the 3.76% average since the end of the Second World War and below its 10-year moving average, now at 1.73%. Our long-term inflation charts reach bac...