The changing outlook shows how pessimistic the bond market has become as hopes for reflation have faded and the Trump administration fails to deliver on its fiscal-stimulus promises.
Vanguard's move was seen by analysts as a potential game-changer for the U.S. actively managed funds industry that would increase competition and push down costs.
Immediate stories that capture what’s actually motivating moves in Treasury yields.
A dose of caution is warranted
Stone Ridge fund makes investments in catastrophe bonds
The delay was because of a timing issue.
