Featured Insights


Chart of the Week

CASH: PLENTY OF DRY POWDER

Chart courtesy of ClearBridge Investments. * Institutional & Retail Money Funds – ICI. ** MSCI U.S. IMI Index. Data as of July 3, 2020. Source: FactSet. 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

Cash: Plenty of dry powder

Chart of the Week

Market Snapshot

Oil Shock: The Energy Sector and Beyond

The collapse in oil prices has added to market dislocations and uncertainty associated with the coronavirus pandemic.


Featured Insights

Market Outlook
Sep 22
Market Outlook

Munis: New Tax Hikes

September 22, 2020

New Jersey's new tax measures and expected debt issuance are affecting the outlook for its bond ratings.

Investment Insights
Sep 16
Investment Insights

The Fed: Unanswered Questions

September 16, 2020

Unanswered questions about future asset purchases could potentially undermine confidence in the Fed’s commitment.

Market Outlook
Sep 04
Market Outlook

COVID-19's Impact on Inflation

September 04, 2020

Despite upward price pressures in certain industries, on balance there's doesn't appear to be sustained inflation dynamic at work.

Investment Insights
Aug 26
Investment Insights

U.S. Economy

Durables Manufacturing: Signs of Recovery

August 26, 2020

Total durables orders jumped a whopping 11.2% in July, with a large 1.1% upward revision to the June estimate.

Market Outlook
Aug 26
Market Outlook

Market commentary

Glimmers of Optimism

August 26, 2020

We are encouraged by optimism on both the medical and economic fronts. But while recent events are promising, we believe the road ahead will be a long one.

Investment Insights
Aug 19
Investment Insights

Weekly muni monitor

Spread Tightening Stalled

August 19, 2020

Absent improving fundamentals, we believe additional spread compression will remain paused.

Investment Insights
Aug 18
Investment Insights

Economy update

Signs of Recovery in Retail

August 18, 2020

July retail sales (excluding restaurants) are well above pre-COVID levels, but much of that took place online.

Investment Insights
Aug 12
Investment Insights

Muni update

Tax Policy News: New York, California

August 12, 2020

Proposals in two key states would change the landscape for the largest issuers and their investors.

Investment Insights
Aug 10
Investment Insights

Municipal Market Update: July

August 10, 2020

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

Investment Insights
Aug 07
Investment Insights

Muni weekly update

Taxable Spread Opportunities

August 07, 2020

Foreign demand for taxable munis is generating new issuance, and a potential benefit for spread investors.

Investment Insights
Jul 29
Investment Insights

The Fed

Preparing for a Long Period of Easing

July 29, 2020

The Fed is planning for a prolonged period of accommodation, and seeking to ensure its policies can be sustained as long as needed.

Investment Insights
Jul 08
Investment Insights

Weekly Monitor

Munis: Mid-Year Review

July 08, 2020

It was the most volatile first half-year in the history of the muni market, yet the Bloomberg Barclays Municipal Index still returned 2.08% for the period following a strong second quarter.

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