Vanguard's Head of Fixed Income Head on Treasury Turmoil

Devereux's focus on the term premium underscores the complexities of the current financial landscape, where rising mortgage rates could hinder affordability for many. The interplay between Treasury supply and demand is crucial, as it can influence interest rates and overall economic stability. As the administration navigates these challenges, understanding the implications of these factors will be vital for policymakers and market participants alike.