Featured Insights


Chart of the Week

U.S. JOBS: SLOWER ISN'T SLOW

Chart Courtesy of Western Asset Management.  Source: U.S. Bureau of Labor Statistics, as of Nov 30, 2018. Past performance is no guarantee of future results. Indexes are unmanaged, and not available for direct investment. Index returns do not include fees or sales charges. This information is provided for illustrative purposes only and does not reflect the performance of an actual investment.

U.S. Jobs: Slower isn't slow

Chart of the Week

Market Snapshot

China's growth: Behind the numbers

China’s growth figures were unexciting, but the trade picture may be improving; U.S. consumers spent well in November; Mario Draghi stuck to the ECB’s plan, but didn’t sound cheerful about it.


Featured Insights

Market Outlook
Dec 11
Market Outlook

Around the Curve

My Coupon, Our Challenge

December 11, 2018

The flow of coupon income from Emerging Market bonds is a challenge for these economies, and for those who invest in them.

Investment Insights
Nov 13
Investment Insights

Around the Curve

Trading Places: What Could Change Soon

November 13, 2018

Could rapid reversals be afoot in Congress, the Federal Reserve, and in the United States' leadership in global growth?

Investment Insights
Oct 30
Investment Insights

Around the Curve

Accounting Fraud: The Signs

October 30, 2018

The difference between “aggressive accounting” and “fraud” can be unclear; most cases of “aggressive accounting” are simply that. Here are some signs that can help tell the difference.

Market Outlook
Oct 24
Market Outlook

Around the Curve

Eurozone Yields: Sustainable?

October 24, 2018

Is the current level of 10-year Eurozone yields the new normal?

Market Outlook
Oct 08
Market Outlook

Around the Curve

EM Dollar Debt: Regime Change?

October 08, 2018

In dollar-denominated EM debt, differentiation among markets may be growing, suggesting a closer look.

Market Outlook
Oct 01
Market Outlook

Around the Curve

Musings on a Future Recession

October 01, 2018

The current expansion looks set to become the longest in U.S. history. Here's a look at some indicators of how much longer it could run.

Investment Insights
Sep 27
Investment Insights

Chart of the Moment

Tightening: Changing the Path

September 27, 2018

A small but potentially key part of the Fed's balance sheet strategy

Investment Insights
Sep 17
Investment Insights

Around the Curve

The Deal on the Dollar: Divergence

September 17, 2018

The story behind the forces driving the dollar to its current levels -- and what could happen next.

Investment Insights
Sep 05
Investment Insights

Around the Curve

Emerging Markets: The Never Ending Story

September 05, 2018

In a market where contagion fears can run wild, it is important to revisit the thesis that not all emerging markets are lemons.

Investment Insights
Aug 27
Investment Insights

Around the Curve

Developed, Emerging Yields: Different Apples

August 27, 2018

Explaining current valuations, thematic factors, our point of view, and some of the risks. Part 1 of 2

Investment Insights
Aug 24
Investment Insights

Around the Curve: What's on the Market's Mind

Not Just One Thing

August 24, 2018

We outline what signals the Fed, and to a lesser extent, the White House, would need to listen to in order to deviate from their current policy objectives.

Investment Insights
Aug 14
Investment Insights

Around the Curve

Getting to the Truth on Trade

August 14, 2018

Despite protectionist political rhetoric, we should expect freer and fairer trade in the coming years, even as some short-term pain accompanies trade negotiations.

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