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Politics : View from the Center and Left
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To: freelyhovering who wrote (84651)9/15/2008 8:35:47 PM
From: JohnM  Read Replies (1) of 541326
 
Vanguard was holding lots of Lehman Bonds as safe investments for seniors.

fh, do you have a link for that claim.

Because I have some money with Vanguard, none in their bond funds, I receive weekly and monthly updates from a newsletter that tracks Vanguard. The weekly report this evening, which usually comes on Thursdays but, for obvious reasons, had a Monday supplement this week, had the following paragraph.

Short-Term Investment-Grade had 0.8% of assets in Lehman bonds, Short-Term Bond Index had 0.5% of assets, Intermediate-Term Bond Index had 0.7%, Total Bond Market had 0.4% and Long-Term Bond Index had 0.5%. Intermediate-Term Investment-Grade was the most heavily invested in Lehman bonds with about 1% of assets in the paper.

All told we’re talking about $530 million of Lehman paper out of something on the order of $450 billion in Vanguard’s bond assets.

You can see more here: adviseronline.com
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