Featured Insights


Chart of the Week

Source: Bloomberg, as of 6/30/2017. 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. 

Market Snapshot

U.S. dollar: Victim or victor?

Pride notwithstanding, the falling dollar can be good news; Draghi edges ever closer to a taper; EU's Brexit hardliners show their mettle


Insights

Market Snapshot
Jul 21

U.S. dollar: Victim or victor?

Pride notwithstanding, the falling dollar can be good news; Draghi edges ever closer to a taper; EU's Brexit hardliners show their mettle

Investment Insights
Jul 19

A Matter of Time

ESG and Credit Ratings

Credit Rating Agencies are making meaningful progress in identifying and reflecting environmental, social and governance (ESG) risks in the credit rating process. This is both welcome and encouraging, but more needs to be done to ensure the rewards fixed income investors can expect reflect the risks they are taking.

Market Outlook
Jul 19

Mid-Week Bond Update

Goldilocks is back

Global sovereign and corporate bonds rallied over the past five trading days, as the recent central bank hawkish tone reversed and stubbornly soft US data threw cold water over reflation hopes. The goldilocks scenario in which growth is weak enough to warrant low rates but strong enough to...

Investment Insights
Jul 18

Municipal Market Update: June

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

Investment Insights
Jul 18

Global equities:

Emerging Markets: The Why and The How

Finding capital returns is a difficult challenge in a world of low growth expectations and low interest rates. Yet in this environment, emerging markets (EMs) can offer attractive access to equity growth potential.

Market Snapshot
Jul 14

U.S. consumers: Not so hot

Consumers stayed cool to price rises, just as Fed Chair Janet Yellen was reconsidering her bullish stance on inflation; OPEC showed signs of fatigue by nudging its own goalposts

Market Outlook
Jul 14

Western Asset Global Outlook

Could the Fed be more cautious about future hikes?

The current steady but unspectacular global growth backdrop has not materially changed. We remain optimistic that global growth of around 3% is sustainable while recognizing that high debt loads and other headwinds, including low productivity and...

Market Outlook
Jul 13

Small-Cap's Road Back to Normal

Portfolio Manager Chuck Royce and Co-CIO Francis Gannon see a consolidating asset class ready to make its next move up.

Market Outlook
Jul 12

Mid-Week Bond Update

Canada feeds hawk plot

Most global bond markets suffered a third consecutive week of sell-offs, although losses eased on Wednesday after US Federal Reserve (Fed) chair Janet Yellen questioned persistent low inflation, something that until now the Fed had dismissed as temporary. Despite’s Wednesday’s sovereign rally...

Market Snapshot
Jul 07

Global bond yields: Curveball

Fixed-income markets finally looked to believe the world's major central banks about normalization; crude-oil markets searched for a steady price; U.S. jobs told a tale of two trends.

Market Outlook
Jul 05

Mid-Week Bond Update

From DC to Sintra via Paris: a 1st half story

Global bond markets ended the first half of the year as they started it: prospects of fast growth, especially in the US, pushed sovereign yields higher, supporting spread sectors and the most equity-like fixed income assets such as...

Market Snapshot
Jun 30

Hawks of a feather

A flock of central bankers sing the same tune; U.S. consumers keep their powder dry; France and the U.S. switch places on drilling

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