Infrastructure and COVID-19 Uncertainty
The market has potentially mispriced COVID-19's impact on both earnings and the market risk premium attached to infrastructure assets.
Inflation: Is 2% the Right Target?
Main Street and Wall Street have divergent opinions about the Fed's longstanding 2% inflation target.
The Fallen Angels Paradox: High-Yield Bonds
2020 has already had the greatest number of downgrades to below-investment-grade on record, surpassing the annual amounts of the recession in 2002, the great financial crisis in 2009 and the commodity crash in 2015. Yet Western Asset sees the potential for opportunity amid the downgrades, if managed with care.