Episode 90, Vanguard's Perryne Desai discusses fixed income concepts and investment strategy, Rick Ferri host

The podcast explores the complexities of fixed income investing, from the basics of bonds to their strategic use in portfolios. Perryne Desai, Head of Indexed Fixed Income Product at Vanguard, explains bonds as agreements involving principal and coupon payments, distinguishing between face value and market price, and also clarifies risks like interest rate and credit risk, alongside concepts such as duration, convexity, SEC yield, and yield to worst. Desai highlights the roles of fixed income as a stabilizer against equity volatility and as a generator of income, while also touching on liability matching. She also introduces Vanguard's new corporate target maturity ETFs designed for liability matching and touches on Vanguard’s product design principles.