Beyond Bulls & Bears

Theresa May’s Brexit Steeplechase Has Only Just Begun: an Investor’s Perspective
Fixed Income

Theresa May’s Brexit Steeplechase Has Only Just Begun: an Investor’s Perspective

UK Prime Minister Theresa May seems to have cleared the first hurdle in her bid to secure a soft Brexit. Her Cabinet initially backed the withdrawal deal UK and European Union negotiators have agreed to. But subsequently, a number of Cabinet members resigned. David Zahn, Franklin Templeton’s head of European Fixed Income, warns her most difficult challenge still lies ahead. And he believes there remain plenty of obstacles in her path, with profound implications for investors.

The Fed’s Balancing (Sheet) Act
Fixed Income

The Fed’s Balancing (Sheet) Act

The Federal Reserve’s September policy meeting played out largely as expected, as US monetary policymakers left the central bank’s benchmark short-term interest rate unchanged. The Fed did clarify when it would begin to unwind its hefty balance sheet, and updated its economic forecasts and interest-rate projections. Chris Molumphy, Franklin Templeton Fixed Income Group CIO, says the communication from the latest Fed meeting should not rattle the markets much, and that the next interest-rate hike now seems most likely to come in December.

Putting Europe’s Growing Bond Market into Perspective
Fixed Income

Putting Europe’s Growing Bond Market into Perspective

The clamor is already building for the European Central Bank to take further monetary policy easing steps at its forthcoming governing council ...