BND: From Coupons To Fluctuations

Vanguard Total Bond Market Index Fund ETF offers broad diversification, high credit quality, and moderate duration, making it ideal for conservative fixed-income investors. The fund's passive resampling strategy minimizes costs and tracking error, while its sensitivity to interest rates remains slightly below its benchmark. Current macro indicators—OIS spread, forward rates, and yield curve slope—signal stable liquidity, moderate rate expectations, and no imminent financial stress.