Beyond Bulls & Bears

The Case for Municipal Bonds in a Rising-Rate Environment
Fixed Income

The Case for Municipal Bonds in a Rising-Rate Environment

Municipal bond yields moved higher in 2018 and seem likely to continue moving up in 2019 if market expectations for further interest-rate increases play out. Sheila Amoroso, director of Franklin Templeton Fixed Income Group’s Municipal Bond Department, makes a case for munis within a rising-rate environment. She says there could actually be more demand for munis ahead as a source of tax-free income.

Putting Geopolitical Tensions into Perspective
Fixed Income

Putting Geopolitical Tensions into Perspective

When world leaders talk, markets react. And with social media becoming mainstream, politicians have a new way of getting their message to the masses. Franklin Templeton Fixed Income Group’s John Beck discusses geopolitical tensions, the impact of social media and the broader macroeconomic issues impacting the global fixed income landscape.

European Drama Hasn’t Derailed US Growth
Equity

European Drama Hasn’t Derailed US Growth

With the Greek debt crisis coming to a head and China’s equity market experiencing a correction, the summer doldrums have not been in effect this ...

China: Searching for a New Equilibrium
Emerging Markets

China: Searching for a New Equilibrium

Michael Hasenstab, CIO of Templeton Global Macro, recognizes that China’s economy has shifted down a gear, but the slowdown from the 10%+ growth ...

Global Economic Perspective: May
Fixed Income

Global Economic Perspective: May

Perspective from the Franklin Templeton Fixed Income Group® IN THIS ISSUE Federal Reserve Grapples with Mixed Data Multiple Central Banks Still in ...

Headwinds—or Tailwinds—for Fixed Income Investors
Fixed Income

Headwinds—or Tailwinds—for Fixed Income Investors

Only a month into the new year and investors already have plenty to think about, from plunging oil prices to a key election in Greece to dramatic ...

2015 Investment Outlook: US Credit Cycle Tiptoes into Middle Age
Fixed Income

2015 Investment Outlook: US Credit Cycle Tiptoes into Middle Age

In our view, companies' generally slow and steady approach to spending and expanding has delayed the US economy's progression through the credit cycle.

Mid-Term Bond Approvals May Help Close the Book on Muni Supply Saga
Fixed Income

Mid-Term Bond Approvals May Help Close the Book on Muni Supply Saga

The municipal bond market roared back this year after a disappointing 2013, as a dearth in supply and improved demand buoyed muni bond prices. ...

A Strengthening Case for European Bonds
Fixed Income

A Strengthening Case for European Bonds

The pace of the eurozone’s economic recovery has been so slow that many people are now asking whether quantitative easing (QE) is inevitable to ...

ECB Leaves the Door Open for Further Action
Fixed Income

ECB Leaves the Door Open for Further Action

The European Central Bank (ECB) delivered a robust package of monetary policy measures on June 5 and promised more to come if needed to help stave ...

Actively Managing for a Less-Correlated World
Alternatives

Actively Managing for a Less-Correlated World

The 2007-2008 financial crisis and the monetary policy responses that helped to push interest rates in the developed world to historical lows also ...

Hasenstab: Standing One’s Ground
Fixed Income

Hasenstab: Standing One’s Ground

When the masses are against you, it’s hard to stand your ground. Going against the crowd is familiar turf for Michael Hasenstab, who manages ...