Vanguard Bullish on Long-Term Treasuries, Betting on End of Fed Rate Hikes

Vanguard is bullish on long-term Treasuries after this year's bond selloff, betting the Fed is nearing the end of rate hikes.

Vanguard expects a shallow recession in 2023, which would force the Fed to cut rates, boosting long-term bond prices.

Vanguard believes bond yields won't return to recent historic lows but the Fed hiking cycle is ending.

Long-term bonds are attractive for their high yields and potential gains if the economy slows.

Vanguard is optimistic on highly-rated corporate bonds as those companies avoided higher debt costs.