Fixed income’s next chapter: A conversation with Sara Devereux

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Fixed income’s next chapter: A conversation with Sara Devereux

Podcast Episode

September 30, 2025

Sara Devereux

Global Head of Fixed Income Group

Sara Devereux

Global Head of Fixed Income Group

At Vanguard since 2019

In industry since 1992

Sara Devereux is a principal and global head of Fixed Income Group. Ms. Devereux has oversight responsibility for investment activities within the rates-related sectors of the taxable fixed income market including foreign exchange. Prior to joining the firm, Ms. Devereux was a partner at Goldman Sachs, where she spent over 20 years in mortgage-backed securities and structured product trading and sales. Earlier in her career, she worked at HSBC in risk management advisory and in interest rate derivatives structuring. Ms. Devereux started her career as an actuary at AXA Equitable Life Insurance. Ms. Devereux earned a B.S. in mathematics from the University of North Carolina at Chapel Hill and an MBA from the Wharton School of the University of Pennsylvania.

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In this episode of Better Vantage, Sara Devereux, global head of fixed income at Vanguard, discusses why fixed income is reemerging as a strong asset class after years of muted returns. The conversation highlights how higher yields, diversification benefits, and disciplined active management can reshape investor strategies for the decade ahead.

This series—created in collaboration with Custom Content from WSJ—dives into essential financial topics, offering expert perspectives on everything from tax planning and retirement income to building resilient portfolios.

Explore the full series here.

Notes:

All investing is subject to risk.

Custom Content from WSJ is a unit of The Wall Street Journal Advertising Department. The Wall Street Journal news organization was not involved in the creation of this content.

This article is listed under

Fixed Income