Featured Insights


Chart of the Week

Source: Bloomberg, as of 3/31/17.  Past performance is no guarantee of future results. An investor cannot invest directly in an index. Unmanaged index returns do not reflect any fees, expenses or sales charges. This information is provided for illustrative purposes only and does not reflect the performance of an actual investment.

Market Snapshot

Brazil: Who's next?

Bribery allegations engulfed Brazil President Temer, mirroring the scandal that toppled his predecessor; European exports surged, while Japan extended its GDP winning streak to a fifth quarter; U.S. manufacturing popped higher.


Insights

Market Outlook
May 24

Mid-Week Bond Update

Trump & Temer trades: back to start

Global bond markets were mixed over the past five trading days as they were hit by renewed political uncertainty in the US and Brazil, by protracted unconvincing economic data in the world’s largest economy and a surprise credit downgrade in the second – China. When markets thought...

Market Outlook
May 19

Emerging Markets

Brazil: political risk is back

Just as political risk seemed confined to developed markets, Brazil sent a stark reminder yesterday that presidential upheavals are not something buried in Emerging Markets’ past. Read what our affiliates say.

Market Snapshot
May 19

Brazil: Who's next?

Bribery allegations engulfed Brazil President Temer, mirroring the scandal that toppled his predecessor; European exports surged, while Japan extended its GDP winning streak to a fifth quarter; U.S. manufacturing popped higher.

Market Outlook
May 18

Around the curve

Central and Eastern Europe Joins the Reflation Trade

For the last three years, central and eastern Europe (CEE) has been a sleepy corner of the global bond universe with low yields, central banks on hold, and range bound currencies.

Market Outlook
May 17

Mid-Week Bond Update

Loose lips sink TIPS

US Treasury Inflation Protected Securities (TIPS) and inflation expectations sank over the past five trading days amid renewed White House turbulence, this time involving an alleged manipulation of security leaks. The turmoil took steam off the already waning...

Investment Insights
May 16

Choosing Active: How, When and Why

We asked four of our top managers to reflect on what active strategies can do and how they can complement passive in a diversified portfolio. The result: a must-watch reminder of why active remains a must-have in today's market environment.

Market Snapshot
May 12

Gloves off

NAFTA hardball: Mexico v. USA

Mexico is playing the China card as the US seeks better terms; OPEC cries "uncle" to U.S. shale; more politics ahead for France; growth resumes for the U.S.

Market Outlook
May 10

Mid-Week Bond Update

reflation en marche?

Most global bond markets had a dismal patch as a perfect storm of falling political risk, higher economic optimism and improved US corporate earnings drove equity prices higher, dampened volatility and reduced demand for traditional safe-havens. Emmanuel Macron’s En Marche! party’s victory in the...

Investment Insights
May 08

French election 2017

Markets march on

Emmanuel Macron’s victory over anti-euro leader Marine Le Pen removes some of the political risk that had weighed on financial markets so far this year. This is what Legg Mason’s portfolio managers say:

Market Snapshot
May 05

Looking past the quarter:

The Fed: Hawk talk

The Fed looked past a tepid Q1; April's jobs report was solid, not spectacular; Macron and Le Pen crossed swords before Sunday's election; oil and iron took a beating

Market Outlook
May 03

Mid-Week Bond Update

European bonds uncork the champagne

European corporate bonds led a global fixed income rally over the past five trading days, boosted by waning anxiety over the French election and strong regional growth. US Treasuries and corporate debt also gained as continued lacklustre data kept expectations that the domestic rate rising cycle will be slow and gradual. This time, it was...

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