Sunday, September 17, 2023

Let's check in on the US Treasury yield curve and year to date performance of selected Vanguard funds

The UST yield curve aggregate closed up a net 0.68% week over week on 9/15, to an average of 5.006923, the first Friday close this cycle in the 5s.
 
As expected, fixed income isn't doing well in this rising-rate environment. Stocks have done surprisingly well this year, and even cash has beaten bonds.
 
YTD performance:
 
Treasury VFISX 0.68% VFITX -0.26% VUSTX -4.12%;
Investment Grade VFSTX 2.21% VFICX 1.73% VWESX 0.00%; 
Total Bond VBTLX 0.44%; Cash VMFXX 3.48%; Total Stock VTSAX 16.45%.
 
Other popular vehicles: 
 
$SPX 16.37%
$AGG -2.12%
$TLT -8.38%.