Featured Insights


Chart of the Week

INFLATION: STILL TOO LOW?

Source: Bloomberg, June 22, 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.

Inflation: Still Too Low?

CHART OF THE WEEK

Market Snapshot

OPEC: Crude Agreement

OPEC made a deal to hike production by 1 million barrels – and included Russia; Emerging Market election season begins with Turkey; European service growth beat expectations for June; U.S. tax revenue from its metals tariffs netted nearly $800 million so far; the costs have yet to be tallied.


Featured Insights

Investment Insights
Jun 25
Investment Insights

Municipal Market Update: May

June 25, 2018

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

Market Outlook
May 28
Market Outlook

Policy Matters

The Fed Reaction Function

May 28, 2018

The May FOMC minutes reaffirmed our view that the Fed’s reaction function will be less hawkish than feared.

Investment Insights
May 16
Investment Insights

ESG Investing at Western Asset

May 16, 2018

Investors define ESG in a variety of ways and have different reasons for adopting ESG.

Investment Insights
May 10
Investment Insights

CPI Tepid in April

May 10, 2018

Figures for April indicate that far from taking off, as many believe, U.S. inflation is stabilizing and could even fall.

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.

Market Outlook
Apr 30
Market Outlook

U.S. Dollar: Fighting Gravity

April 30, 2018

Western Asset sees the US dollar succumbing to the gravitational pull of cyclical and technical forces that should bolster the appeal of non-US currencies; the current dollar strength is not the start of something more permanent.

Market Outlook
Mar 01
Market Outlook

Low Inflation Is No Mystery

March 01, 2018

Various Federal Reserve (Fed) policymakers expect US inflation to accelerate in 2018, and market analysts generally agree with them. Of course, these same folks predicted rising inflation in previous years as well. It didn’t happen then, and we think it is unlikely to happen in 2018.

Market Outlook
Feb 02
Market Outlook

Fixed income

Where Are We in the Credit Cycle?

February 02, 2018

The credit cycle is still in expansion mode, and investors who run for cover too early may regret missing out on incremental returns.

Market Outlook
Feb 02
Market Outlook

2018 Outlook

On Growth, Inflation, Tax Cuts and More

February 02, 2018

In this Q&A, Western Asset Portfolio Manager and Research Analyst John Bellows discusses the outlook for growth and inflation, the impact of recent tax cuts, the maturity of the current business cycle and where to find value in the market when everything seems expensive. Read more.

Market Outlook
Feb 02
Market Outlook

US Mortgage Market

Lessons for the past, investing for the future

February 02, 2018

The US mortgage market is markedly stronger and simpler in the aftermath of the subprime credit bubble that led to the financial crisis. For investors, the mortgage market is attractive today as a result of greater protections for bondholders, better mortgages backing those bonds and a healthier US housing market and consumer. Read more.

Market Outlook
Jan 18
Market Outlook

The big picture in bonds

Market and Strategy Update

January 18, 2018

The slow but steady recovery since the financial crisis continues to make progress; looking ahead, we expect another 2+% growth year in 2018, perhaps better with the new tax law. The fundamental investment backdrop is exceptional, but prices are high -- so sector and security selection remain key.

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