Vanguard Long-Term Treasury ETF

VGLT

Market cap $9.99B

The yield on the 10-year note finished November 21, 2025 at 4.06%. Meanwhile, the 2-year note ended at 3.51% and the 30-year note ended at 4.71%.

The Vanguard S&P 500 ETF remains a core holding for most investors to own. The Vanguard Growth ETF offers exposure to some of the most dynamic companies.

The yield on the 10-year note finished November 14, 2025 at 4.14%. Meanwhile, the 2-year note ended at 3.62% and the 30-year note ended at 4.74%.

The Vanguard Long-Term Treasury ETF and Schwab Long-Term U.S. Treasury ETF both focus holdings on long-term U.S. Treasuries. The two ETFs sport similarities in expense ratios and returns over time.

The Vanguard Long-Term Treasury Fund (VGLT) and iShares 20+ Year Treasury Bond ETF (TLT) focus on slightly different U.S. Treasury bonds. TLT specifically targets Treasury bonds with very long maturities.

The yield on the 10-year note finished November 7, 2025 at 4.11%. Meanwhile, the 2-year note ended at 3.55% and the 30-year note ended at 4.70%.

After the Fed just cut rates a second time this year, a steeper yield curve could force bond investors to reconsider the long end again. That said, they can play the long game with ETF options from Vanguard that focus on maximizing yield by investing in bonds with maturity dates extending past 10 years.

The market's obsessed with AI giants, leaving income investors behind. I'm focusing on what this imbalance means for long-term opportunity. Massive AI spending acts like new-age stimulus, creating ripples across power, infrastructure, and industrial sectors that fuel growth. I believe the Fed will keep "running it hot," driving new cycles in housing, manufacturing, and income assets as rates eventually fall.

Our monthly market valuation updates have long had the same conclusion: US stock indexes are significantly overvalued, which suggests cautious expectations for investment returns. This analysis focuses on the P/E10 ratio, a key indicator of market valuation, and its correlation with inflation and the 10-year Treasury yield.

This article looks at the 10-year Treasury yield's historical trends since 1962, exploring its relationship with key economic indicators like the Fed Funds Rate (FFR), inflation, and the S&P 500. Fighting Inflation vs.