Markets & Economy


Why Joe Davis still owns Treasuries

July 03, 2013

Analysis from Vanguard's chief economist

Vanguard chief economist Joe Davis was sold on U.S. Treasuries in 2012, and explains why that's still the case despite concern over rising interest rates.

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Other excerpts from this webcast:


  • All investing is subject to risk, including the possible loss of the money you invest.
  • Bond funds are subject to the risk that an issuer will fail to make payments on time, and that bond prices will decline because of rising interest rates or negative perceptions of an issuer's ability to make payments.
  • Investments in bonds are subject to interest rate, credit, and inflation risk.
  • This webcast is for educational purposes only. We suggest you consult a financial or tax advisor about your individual situation.

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