Featured Insights


Chart of the Week

Source: Bloomberg, as of 6/21/17.  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.

U.S. Treasury yields: Throwing curves

What's behind the surprising shift in yields of U.S. Treasuries since the beginning of this year? Is it the result of benign economic progress, or is it a sign of something more ominous?

Market Snapshot

Brexit: New and improved?

The UK went to Europe with a newly humble brief; US home buyers emerged in force to confront insufficient demand; The Fed's hawks are still on the wing


Insights

Market Snapshot
Jun 23

Brexit: New and improved?

The UK went to Europe with a newly humble brief; US home buyers emerged in force to confront insufficient demand; The Fed's hawks are still on the wing

Investment Insights
Jun 23

Investing to Improve Lives

The Will of the People

Although climate change and environmental degradation are global issues, it is local imperatives that are increasingly galvanizing emerging markets in their efforts to transition to low-carbon, environmentally friendly economies.

Market Outlook
Jun 19

Around The Curve

The Contradiction of Shale

“Black gold,” like the precious metal it borrows its nickname from, has caused investors a lot of pain in the past decade. But whereas the precious metal no longer impacts the world economy like it once did, oil prices dramatically impact consumer behavior, employment, and the budgets and fortunes of many nations. It can even impact industries far beyond energy, from autos to airlines, and chemicals to utilities. Very few people saw the collapse in oil from $100 to sub-$30, many didn’t foresee the rise back to $50, and the market has much more fear than conviction in the next move.

Market Snapshot
Jun 16

Up and down: The Fed and crude oil

The Fed hiked its target rate, but its inflation bogey remains elusive; crude oil fell further on bulging inventories; Greece got a lifeline; formal Brexit negotiations finally begin.

Investment Insights
Jun 15

The power of choice

Why Active Management Makes A Difference

Choice is at the heart of investing; one can’t own everything. But should investment choices be made in a mechanical way, based on an index? Or should they be made selectively, based the research and expertise of an active manager?

Market Outlook
Jun 15

Around the Curve

A Tourist’s Guide to Currency Management

It’s that time of year when friends and colleagues are asking about summer vacation plans. Interestingly, this question happens to dovetail with the requests we get on where we potentially see value. For those tourists who are stuck on ideas, a first logical step may be to identify favorable exchange rates to help narrow down potential destinations.

Investment Insights
Jun 14

Fed Decides

The Fed hikes, but how many more?

For the second time in 2017, the U.S. Federal Reserve raised the federal funds target rate, now at 1.25%. Will the Fed stand pat in September?

Market Outlook
Jun 14

Mid-Week Bond Update

Is the Fed really tightening?

Global bond markets soared on Wednesday, reversing a mixed five-day period, after US inflation disappointed for a third consecutive month and the Federal Reserve (Fed) reinforced its dovish stance, despite rising, as expected, rates. The US central bank lifted its target rate to 1.25%, from 1%. However, financial conditions continued to ease...

Market Outlook
Jun 12

Tailwinds for MLPs?

Regulatory delays for pipeline development are easing and drilling activity is increasing, which could have positive implications for MLPs in the energy sector.

Market Outlook
Jun 09

Western Asset Global Outlook

Pessimism on political outlook goes too far

The current steady but unspectacular global growth backdrop has not materially changed. We remain optimistic that global growth of around 3% is sustainable while...

Market Snapshot
Jun 09

Oil and gas: Qatar walling

Qatar's sudden exile was years in the making; Theresa May erodes her own base; US consumers leverage up; Spain's banks pass a test.

Investment Insights
Jun 09

UK Election 2017: Theresa May's Challenge

With the erosion of Theresa May's support making Brexit more difficult to negotiate at home as well as abroad, read what our investment managers have to say about the impact of the election on the UK, Europe and the financial markets.

Investment Insights
Jun 08

Infrastructure:

Build a better portfolio

Infrastructure, essential for modern living, can also serve an integral role in helping investors reach their long-term financial goals.

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