July 9, 2020
This podcast episode covers insights about opportunities for cash investors in a low-rate environment, the questions investors should be asking as they assess their cash portfolios, and the potential risks and rewards of the short-term municipal market.
July 8, 2020
July 2, 2020
In our view, the magnitude and speed of the market recovery in the second quarter are noteworthy and potentially cautionary. Government programs have done a better than expected job in replacing individual income to date, though some programs are expected to expire in the next month, which could create challenges.
July 2, 2020
July 1, 2020
July 1, 2020
July 1, 2020
June 30, 2020
June 30, 2020
June 30, 2020
June 30, 2020
June 26, 2020
June 26, 2020
Franklin Templeton municipal bond team provides an overview of its recent COVID-19 credit research, explaining why some states face mounting credit pressures from high fixed costs and shallow emergency reserves, whereas other states with more diversified economies and strong financial management should fare better post COVID-19.
June 25, 2020
So, how do fixed income investors search for rate-hedging solutions? One approach that one often encounters involves U.S. Treasury (UST) Inflation-Protected Securities, or TIPS. These securities are referenced to the Consumer Price Index (CPI), whereby the coupon is fixed, but the principal is adjusted to changes in CPI.
June 22, 2020
June 19, 2020
Stephen Dover gives his take on why Sir John Templeton might recognize today’s economic environment as another opportunity for active equity investors.
June 19, 2020
June 18, 2020
June 17, 2020
June 16, 2020
June 16, 2020
The phase of stimulus with the most direct impact on equities is Corporate Bond Purchases; yesterday the FOMC made an important announcement. The communication below was sent in real time to subscribers, and although the market is already up more than 2% since then, the changes are material.
June 16, 2020
June 12, 2020
June 11, 2020
In our view, early indications from recent high frequency data are encouraging, but should be viewed in context and not over-interpreted. As we have highlighted, markets have rallied on policy supports and anticipation of re-opening and medical advances.
