Featured Insights


Chart of the Week

YIELD OR INCOME? YES PLEASE

Source: Bloomberg, May 18, 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.

 

Yield or Income? Yes Please

Chart of the Week

Market Snapshot

OPEC: Production caps, the hard way

Some Opec and other producers can't fill even minimum production quotas; Italy's latest proposed coalition spooked markets; U.S. retail sales were good, but not great; German companies' order backlog sent mixed messages.


Featured Insights

Market Snapshot
May 18
Market Snapshot

OPEC: Production caps, the hard way

May 18, 2018

Some Opec and other producers can't fill even minimum production quotas; Italy's latest proposed coalition spooked markets; U.S. retail sales were good, but not great; German companies' order backlog sent mixed messages.

Market Outlook
May 17
Market Outlook

Mid Week Bond Update

Higher Yields: Here, There... But Not Everywhere

May 17, 2018

Look beyond the 3 percent yield on the U.S. Treasury 10-year and you’ll notice rates are up elsewhere as well...

Market Snapshot
May 11
Market Snapshot

U.S. inflation: Missing in action

May 11, 2018

Consumer inflation didn't move the dial much this past year as of April; corporate spending rose, but explanations vary; Italy moved ever closer to an improbable governing coalition; the Bank of England held off raising its base rate, citing Brexit uncertainty.

Investment Insights
May 11
Investment Insights

Municipal Market Update: April

May 11, 2018

Western Asset examines recent trends in the muni bond market and provides its outlook about conditions ahead.

Market Outlook
May 09
Market Outlook

Mid Week Bond Update

It's Not Just the Shape

May 09, 2018

It’s the underlying yields, rather than the overall shape of the curve, that have been the focus in recent days for fixed income markets.

Investment Insights
May 09
Investment Insights

Argentina: currency crisis

May 09, 2018

Argentina’s dramatic emergency actions to restore confidence in the peso have hit valuations of local currency bonds. However, barring default or a dramatic collapse of the country's currency, patient holders of securities may still make positive returns.

Investment Insights
May 09
Investment Insights

Unconstrained fixed income

Long/Short - Amplify or Mute

May 09, 2018

Long/short strategies allow managers to take advantage of both positive and negative views on bond markets and currencies and to profit from both up and down markets. This approach can potentially limit downside risks when interest rates and volatility are rising, and amplify returns on securities or sectors where a manager has a high conviction that valuations may rise.

Market Snapshot
May 04
Market Snapshot

China trade: Short visit, long distance

May 04, 2018

The U.S. officials' two-day visit left much work to be done; U.S. employment in April was good not great; Europe got a reprieve from the conflict between its trading partners; there's so much crude being produced in Midland, Texas that it can't leave the area.

Investment Insights
May 02
Investment Insights

Could The Tariff Skirmish Have a Silver Lining?

May 02, 2018

Trump’s antagonistic approach to redefining U.S. trade relationships is creating challenges now, but could eventually lead to a “trade peace” that expands global commerce.

Market Outlook
May 02
Market Outlook

Mid Week Bond Update

U.S. Treasuries: More than Meets the Eye

May 02, 2018

For 10-year Treasuries, a glance at previous cycles offers clues about what might await

Market Outlook
Apr 30
Market Outlook

Market & Strategy Update

Global Economy: A Work in Progress

April 30, 2018

Despite the fairly meaningful downshift in growth and inflation, we still believe that the global recovery will be ongoing but could take a very long time to gain traction – even with the help of continued accommodative monetary policy.

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