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| Vanguard Perspective
Active Fixed Income Perspectives Q3 2025: The power of income
Strong bond returns and attractive yields highlight the power of income, especially amidst volatility.

| Vanguard Perspective
2025 mid-year Risk Speedometers: What are allocators buying and selling?
In the face of strong equity returns, allocators have largely “stayed the course” of disciplined rebalancing into fixed income.