Featured Insights


Chart of the Week

STOCK VALUATION: THE UPSIDE OF THE DOWNDRAFT

Source: Bloomberg, October 12, 2018. *Forward P/E values are based on Bloomberg Estimates Earnings Per Share. 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

Today's challenge: Markets vs. economics

Last week's markets left investors looking to economics for clues; Italy faced up to the EU; China's trade surplus ballooned


Featured Insights

Market Outlook
Sep 12
Market Outlook

Market Commentary

On EM Valuations and Fundamentals

September 12, 2018

The Emerging Market (EM) bear market could provide resplendent valuation opportunities. In our view, valuation and fundamentals will carry the day. The key to our prognosis: continuation of sustained moderate global growth.

Investment Insights
Aug 29
Investment Insights

Western Asset's Duration Positioning

August 29, 2018

Key reasons why Western Asset maintains its long duration position

Investment Insights
Aug 02
Investment Insights

The Power of Income

August 02, 2018

A timely reminder about what really drives fixed-income returns and where the opportunities lie. In short: never underestimate the power of income.

Market Outlook
Jul 31
Market Outlook

EM Debt: High Conviction Strategy

July 31, 2018

Despite the market spillover from developed market rate volatility, Western Asset does not view the recent market rout as sufficient basis to steer away from Emerging Market debt (EMD).

Market Outlook
Jul 18
Market Outlook

Third Quarter Outlook

Market & Strategy Update: Quick Take

July 18, 2018

Western Asset CIO Ken Leech surveys the state of global bond markets, sharing views on growth, inflation and the impact of trade and monetary policy.

Investment Insights
Jul 18
Investment Insights

ESG Essentials

July 18, 2018

What you need to know about environmental, social and governance investing

Investment Insights
Jun 04
Investment Insights

Quarterly Market Commentary

Global Recovery: Rough Waters Ahead?

June 04, 2018

Optimism for a synchronized global recovery has given way to anxiety over potential EM or European crises. While our viewpoint remains optimistic, taking into account the vagaries of downside risks is crucial.

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.

Investment Insights
Apr 02
Investment Insights

The Western View

Absent Facts, Fears Flourish

April 02, 2018

Today, fears dominate the financial news, and we have a slightly more cautious tone overall. Yet despite prevalent fears, we remain bullish on several sectors within fixed income – and continue to see opportunity.

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