Featured Insights


Chart of the Week

U.S. ECONOMY: HEADING INTO OVERTIME

Chart courtesy of Clarion Partners. Sources: NBER, Moody’s Analytics, Clarion Partners Investment Research as of July 2019. Each year is the start period for each recession or expansion. Past performance is no guarantee of future results. This information is provided for illustrative purposes only and does not reflect the performance of an actual investment.

Market Snapshot

China targets U.S. farmers

China’s latest tariffs focus on U.S. agricultural exports; financial markets are pricing in at least one Fed rate cut this year; U.S. consumers’ debt load reached $13.67 trillion, with student debt outstripping auto loans.


Featured Insights

Market Outlook
Aug 06
Market Outlook

Rate Cut Now, No Promises for Tomorrow

August 06, 2019

There's reason and room for more rate cuts ahead, but it's unclear if that includes September.

Market Outlook
Aug 05
Market Outlook

Commercial Real Estate Finance

Real Estate Lending: The CLO Factor

August 05, 2019

These real-estate loan securities are growing in number, requiring strong, fundamentals-based analysis.

Investment Insights
Jul 25
Investment Insights

Municipal Market Update: June

July 25, 2019

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

Investment Insights
Jul 03
Investment Insights

Muni Update

Municipal Credit and Natural Disasters

July 03, 2019

As threatening as natural disasters can be, their impact on the municipal bond market remains fairly muted.

Market Outlook
Jul 03
Market Outlook

Focus on the Economy

Yield Curve Inversion: Are We There Yet?

July 03, 2019

Despite widespread worries about the yield curve, what we've seen recently is not a true inversion. But preventing that from occurring is one reason the Fed could move to lower rates later this year.

Investment Insights
Jun 24
Investment Insights

Understanding the causes

Falling Inflation: Moving the Fed?

June 24, 2019

What's behind the persistently low inflation that could drive the Fed to cut rates this year? A host of factors suggest the Fed's 2% target for inflation is overly optimistic.

Market Outlook
Jun 20
Market Outlook

June Meeting Analysis

The Fed: An Ounce of Prevention

June 20, 2019

Wednesday's Fed statement makes a rate cut in July the base case for investors, with a 25-basis-point move most likely.

Investment Insights
Jun 17
Investment Insights

Trade Wars: Frontline Update

June 17, 2019

Though still highly unlikely, we do not entirely rule out an all-out trade war. It would take near-complete disruption of trade flows to threaten recession in the US.

Investment Insights
Jun 14
Investment Insights

Policy Matters

Fed Rate Cut: What Would It Take?

June 14, 2019

The bond market has already priced in cuts later this year. Though possibly ahead of itself in terms of timing, the market’s call on the direction of rates looks right, notes Western Asset’s John Bellows.

Investment Insights
Jun 03
Investment Insights

Market Update

Surprise Mexico Tariffs

June 03, 2019

The implications for trade, how Mexico may respond, and what it means for Mexican rates and asset prices.

Investment Insights
May 22
Investment Insights

Brazil: GDP Growth Momentum Sputters

May 22, 2019

Despite the downbeat outlook, we believe rates still have appeal at current levels, with additional interest rate cuts possible to counter the country's growth challenges.

Market Outlook
May 17
Market Outlook

Tariffs and Inflation: Not Particularly Worrisome

May 17, 2019

The bond market will be looking for any indirect impacts from the tariffs, which could stem from changes in financial conditions or changes to the global growth outlook.

17/36
Top

All investments involve risk, including loss of principal. Past performance is no guarantee of future results. Please see each product’s webpage for specific details regarding investment objective, risks, performance and other important information. Review this information carefully before you make any investment decision.