Stockchase Opinions

Larry Berman CFA, CMT, CTAVanguard Total International Bond Index Fund BNDXCOMMENTMar 24, 2025

BNDX and BSV correlated inversely with the Fed Fund rate?

Actually, incorrect. If the US economy is doing very well, the Fed will raise, not cut, interest rates. You can't rely on Fed policy to know what the broader bond market will do. BSV is short-term bonds and much more correlated than BNDX which is about the broader bond market.

$48.61

Stock price when the opinion was issued

$47.80

As of Jul 24, 2026. Market Open.

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