U.S. deficit is an ‘abomination,’ Vanguard bond chief warns
December 06 — Politicians may not be able to tell by ultralow Treasury yield levels, but investors are still very much worried about the lack of progress towards fixing the budget and deficit problems in the U.S.
“The market is giving Treasurys and Washington a break because when you’re in a flight-to-quality environment, it’s the only place left to go,” said Bob Auwaerter, head of Vanguard Group’s fixed-income division, which oversees $600 billion in assets. Read more.
