Vanguard Sticks to Higher-Quality Debt ‘Playbook’ as US Economy Expected to Slow
Vanguard Group Inc. sees more opportunities in the lowest rung of investment-grade bonds, even as spreads for triple-B notes reached their tightest since 1998Bloomberg Terminal last week.
The world’s second-largest asset manager’s “central scenario” remains for the US economy slowing to below-trend growth but avoiding a recession, Vanguard’s fixed-income team led by Sara Devereux wrote in a report to be released Wednesday.