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Bogleheads On Investing Podcast · 2026-01-22 · 53 min · 8,839 words

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

Listen to the original audio · Transcribed with NVIDIA Parakeet · Why times can differ in your player

Welcome to Bogleheads on Investing episode number 90. Today our special guest is Perrine Desai, head of Index Fixed Income Product at Vanguard. We're going to be discussing fixed income, starting with the basics, moving into their most common uses, discuss new fixed income. products that Vanguard has recently developed and then talk about the future. Hi everyone, my name is Rick Ferry and I am the co-host of Bogle Heads on Investing.

John Luskin is the other host. And we are now switching back and forth, bringing you a greater variety of topics and guests. This episode, as with all episodes, is brought to you by the John C. Bogle Center for Financial Literacy, a nonprofit organization that is building a world of well-informed, capable, and empowered investors. Visit the Bogle Center at Boglecenter.net where you will find a treasure drove of information, including transcripts of these podcasts.

Today our special guest is Perrine Desai, head of Index Fixed Income Product at Vanguard. Fixed income has been difficult for many investors. During COVID, the 10-year Treasury dropped to an interest rate of about 1 half percent and then shot up to 5%. Now it's sitting around 4.24. This volatility in bonds caused a lot of angst.

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