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14 November 2017
Four Components of Successful Tax Reform
4:43
In this month’s Macro Opportunities podcast, Joseph Filicetti discusses the investment implications of potential tax reform and provides a breakdown of the four components we expect to see in any tax plan that passes.
14 November 2017
Competing Tax Reform Proposals from the House and Senate
6:51
In the latest monthly podcast, Robert Amodeo discusses key themes affecting the municipal bond market, including details of the new tax reform proposals from both the House and the Senate, muted supply, the stable yield-ratio environment and an update on Puerto Rico’s post-hurricane status.
13 October 2017
Opposite Price Action in August and September
5:10
In this month’s Macro Opportunities podcast, Product Specialist Joseph Filicetti discusses the market outlook, firming economic data, positioning for a flatter US yield curve, and details of the opposite price movements in August and September.
10 October 2017
Stable Economic Backdrop Fosters Tight Credit Spreads
6:28
In the latest monthly podcast, Robert Amodeo, Head of Public Finance, discusses key themes affecting the municipal bond market, including the current stable economic backdrop, early discussions of tax reform and Hurricane Maria’s impact on Puerto Rico.
15 September 2017
Real Yields in EM Continue to Attract Investors
5:04
In this month’s Macro Opportunities podcast, Product Specialist Joseph Filicetti discusses the market outlook, persistently low inflation, Fed balance sheet normalization and why we believe the emerging markets (EMs) continue to offer great opportunities.
8 September 2017
Hurricane Harvey Fails to Disrupt Municipal Bonds
7:10
In the latest monthly podcast, Robert Amodeo, Head of Public Finance, discusses key themes affecting the municipal bond market, including the favorable balance between supply and demand, the need for an active management process given current credit valuations and the limited impact of Hurricane Harvey.
15 August 2017
Fundamentals Over Central Bank Actions
5:29
In this month’s Macro Opportunities podcast, Product Specialist Joseph Filicetti discusses the market outlook, as well as the Fed’s recent announcement it would begin running off its $4.5 trillion balance sheet later this year, and how it is that Western Asset believes the fundamentals of growth and inflation have more influence on bond yields than do central bank moves.
8 August 2017
Municipal Bonds Beat the Summer Doldrums
5:33
In the latest monthly podcast, Robert Amodeo, Head of Public Finance, discusses our continued bullish view on municipal bonds as well as key themes affecting the municipal bond market, including the stalled effort to repeal and replace the Affordable Care Act, declining cigarette shipments and the first Illinois state budget in two years.
19 July 2017
Global Repair Is Improving
5:28
In this month’s Macro Opportunities podcast, Product Specialist Joseph Filicetti discusses the market outlook, as well as how our view that while the US backdrop is favorable, the relative attractiveness of selected spread sectors outside the US has improved.
13 July 2017
Municipal Bonds Continue to Offer Good Opportunity
7:38
In the latest monthly podcast, Robert Amodeo, Head of Public Finance, discusses key themes affecting the municipal bond market, including supply and demand, potential tax reform and the need to actively navigate credit exposures.
16 June 2017
Optimism for European Bank Debt
4:54
In this month’s Macro Opportunities podcast, Product Specialist Joseph Filicetti discusses the market outlook, as well as how our view that the political environment in Europe is more benign than the market fears provides a compelling valuation entry point.
12 May 2017
Municipal Bond Market Shrugs Off Potential Tax Reform
4:08
In the latest monthly podcast, Robert Amodeo, Head of Municipals, discusses the municipal bond market’s recent positive performance despite the prospect of tax reform; he also remarks about the impending “rock fight” among Puerto Rico’s municipal bond creditors.
11 May 2017
Bond Yields Continue to Attract Investors
5:10
In this month’s Macro Opportunities podcast, Product Specialist Joseph Filicetti discusses the market outlook for April as well as why inflation and real growth trends over the last ten years continue to make bond yields attractive to investors.
14 April 2017
Fed Rate Hike Well Received by Market
5:06
In this month’s Macro Opportunities podcast, Product Specialist Joseph Filicetti discusses the Fed’s recent interest-rate increase, as well as its gradual approach to future rate hikes and normalization policy.
14 April 2017
Stable Fundamentals Support Municipal Bonds
4:13
In the latest monthly podcast, Robert Amodeo, Head of Municipals, discusses key themes affecting the municipal bond market, including steady US economic growth, benign inflation and overseas demand.
17 March 2017
Looking Ahead to Fed Rate Hikes
5:00
In this month’s Macro Opportunities podcast, Product Specialist Joseph Filicetti discusses the increasing likelihood of Fed interest rate increases and our outlook on global growth and inflation.
14 March 2017
Infrastructure Spending and Municipal Bonds
6:25
In the latest monthly podcast, Robert Amodeo, Head of Municipals, discusses the potential impact of the proposed infrastructure spending agenda on the municipal bond market.
17 February 2017
2017 Starts off on a Positive Note
5:46
In the latest monthly podcast, Robert Amodeo, Head of Municipals, discusses why we believe municipals still look relatively attractive in light of steady to improving credit fundamentals.
14 February 2017
Holding More Duration in 2017?
5:14
In this month’s Macro Opportunities podcast, Product Specialist Joseph Filicetti discusses why we prefer to hold slightly more duration, rather than less, given myriad possibilities for future "risk-off" events.
17 January 2017
Markets Continue to Adjust to the Election of Donald Trump
4:02
In the latest monthly Macro Opps podcast, Product Specialist Joseph Filicetti shares how markets are adjusting to the idea of a Trump presidency. In December, global credit and equities traded better, volatility declined and the US yield curve flattened.
12 January 2017
December Performance Provides Welcome Relief for Municipal Investors
6:55
In the latest Municipals podcast, Robert Amodeo, Head of Municipals, discusses why changes to tax policies in 2017 could lead to elevated market volatility and opportunity for municipal investments in the months ahead.
19 December 2016
Trump’s First 100 Days Will Be Critical for Global Markets
5:27
In this month’s Macro Opps podcast, Product Specialist Joseph Filicetti discusses why we believe there is still much to learn about the likely effects of Trump’s new fiscal policy on the US and global markets.
13 December 2016
November Was a Wild Month for Municipals
7:54
In the latest monthly podcast, Robert Amodeo, Head of Municipals, discusses November performance and how post-election policy changes may potentially impact the municipal bond market.
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MACRO OPPORTUNITIES
Four Components of Successful Tax Reform  14 November 2017

In this month’s Macro Opportunities podcast, Joseph Filicetti discusses the investment implications of potential tax reform and provides a breakdown of the four components we expect to see in any tax plan that passes.
4:43
MUNICIPALS
Competing Tax Reform Proposals from the House and Senate  14 November 2017

In the latest monthly podcast, Robert Amodeo discusses key themes affecting the municipal bond market, including details of the new tax reform proposals from both the House and the Senate, muted supply, the stable yield-ratio environment and an update on Puerto Rico’s post-hurricane status.
6:51
MACRO OPPORTUNITIES
Opposite Price Action in August and September  13 October 2017

In this month’s Macro Opportunities podcast, Product Specialist Joseph Filicetti discusses the market outlook, firming economic data, positioning for a flatter US yield curve, and details of the opposite price movements in August and September.
5:10
MUNICIPALS
Stable Economic Backdrop Fosters Tight Credit Spreads  10 October 2017

In the latest monthly podcast, Robert Amodeo, Head of Public Finance, discusses key themes affecting the municipal bond market, including the current stable economic backdrop, early discussions of tax reform and Hurricane Maria’s impact on Puerto Rico.
6:28
MACRO OPPORTUNITIES
Real Yields in EM Continue to Attract Investors  15 September 2017

In this month’s Macro Opportunities podcast, Product Specialist Joseph Filicetti discusses the market outlook, persistently low inflation, Fed balance sheet normalization and why we believe the emerging markets (EMs) continue to offer great opportunities.
5:04
MUNICIPALS
Hurricane Harvey Fails to Disrupt Municipal Bonds  8 September 2017

In the latest monthly podcast, Robert Amodeo, Head of Public Finance, discusses key themes affecting the municipal bond market, including the favorable balance between supply and demand, the need for an active management process given current credit valuations and the limited impact of Hurricane Harvey.
7:10
MACRO OPPORTUNITIES
Fundamentals Over Central Bank Actions  15 August 2017

In this month’s Macro Opportunities podcast, Product Specialist Joseph Filicetti discusses the market outlook, as well as the Fed’s recent announcement it would begin running off its $4.5 trillion balance sheet later this year, and how it is that Western Asset believes the fundamentals of growth and inflation have more influence on bond yields than do central bank moves.
5:29
MUNICIPALS
Municipal Bonds Beat the Summer Doldrums  8 August 2017

In the latest monthly podcast, Robert Amodeo, Head of Public Finance, discusses our continued bullish view on municipal bonds as well as key themes affecting the municipal bond market, including the stalled effort to repeal and replace the Affordable Care Act, declining cigarette shipments and the first Illinois state budget in two years.
5:33
MACRO OPPORTUNITIES
Global Repair Is Improving  19 July 2017

In this month’s Macro Opportunities podcast, Product Specialist Joseph Filicetti discusses the market outlook, as well as how our view that while the US backdrop is favorable, the relative attractiveness of selected spread sectors outside the US has improved.
5:28
MUNICIPALS
Municipal Bonds Continue to Offer Good Opportunity  13 July 2017

In the latest monthly podcast, Robert Amodeo, Head of Public Finance, discusses key themes affecting the municipal bond market, including supply and demand, potential tax reform and the need to actively navigate credit exposures.
7:38
MACRO OPPORTUNITIES
Optimism for European Bank Debt  16 June 2017

In this month’s Macro Opportunities podcast, Product Specialist Joseph Filicetti discusses the market outlook, as well as how our view that the political environment in Europe is more benign than the market fears provides a compelling valuation entry point.
4:54
MUNICIPALS
Municipal Bond Market Shrugs Off Potential Tax Reform  12 May 2017

In the latest monthly podcast, Robert Amodeo, Head of Municipals, discusses the municipal bond market’s recent positive performance despite the prospect of tax reform; he also remarks about the impending “rock fight” among Puerto Rico’s municipal bond creditors.
4:08
MACRO OPPORTUNITIES
Bond Yields Continue to Attract Investors  11 May 2017

In this month’s Macro Opportunities podcast, Product Specialist Joseph Filicetti discusses the market outlook for April as well as why inflation and real growth trends over the last ten years continue to make bond yields attractive to investors.
5:10
MACRO OPPORTUNITIES
Fed Rate Hike Well Received by Market  14 April 2017

In this month’s Macro Opportunities podcast, Product Specialist Joseph Filicetti discusses the Fed’s recent interest-rate increase, as well as its gradual approach to future rate hikes and normalization policy.
5:06
MUNICIPALS
Stable Fundamentals Support Municipal Bonds  14 April 2017

In the latest monthly podcast, Robert Amodeo, Head of Municipals, discusses key themes affecting the municipal bond market, including steady US economic growth, benign inflation and overseas demand.
4:13
MACRO OPPORTUNITIES
Looking Ahead to Fed Rate Hikes  17 March 2017

In this month’s Macro Opportunities podcast, Product Specialist Joseph Filicetti discusses the increasing likelihood of Fed interest rate increases and our outlook on global growth and inflation.
5:00
MUNICIPALS
Infrastructure Spending and Municipal Bonds  14 March 2017

In the latest monthly podcast, Robert Amodeo, Head of Municipals, discusses the potential impact of the proposed infrastructure spending agenda on the municipal bond market.
6:25
MUNICIPALS
2017 Starts off on a Positive Note  17 February 2017

In the latest monthly podcast, Robert Amodeo, Head of Municipals, discusses why we believe municipals still look relatively attractive in light of steady to improving credit fundamentals.
5:46
MACRO OPPORTUNITIES
Holding More Duration in 2017?  14 February 2017

In this month’s Macro Opportunities podcast, Product Specialist Joseph Filicetti discusses why we prefer to hold slightly more duration, rather than less, given myriad possibilities for future "risk-off" events.
5:14
MACRO OPPORTUNITIES
Markets Continue to Adjust to the Election of Donald Trump  17 January 2017

In the latest monthly Macro Opps podcast, Product Specialist Joseph Filicetti shares how markets are adjusting to the idea of a Trump presidency. In December, global credit and equities traded better, volatility declined and the US yield curve flattened.
4:02
MUNICIPALS
December Performance Provides Welcome Relief for Municipal Investors  12 January 2017

In the latest Municipals podcast, Robert Amodeo, Head of Municipals, discusses why changes to tax policies in 2017 could lead to elevated market volatility and opportunity for municipal investments in the months ahead.
6:55
MACRO OPPORTUNITIES
Trump’s First 100 Days Will Be Critical for Global Markets  19 December 2016

In this month’s Macro Opps podcast, Product Specialist Joseph Filicetti discusses why we believe there is still much to learn about the likely effects of Trump’s new fiscal policy on the US and global markets.
5:27
MUNICIPALS
November Was a Wild Month for Municipals  13 December 2016

In the latest monthly podcast, Robert Amodeo, Head of Municipals, discusses November performance and how post-election policy changes may potentially impact the municipal bond market.
7:54

IMPORTANT DISCLOSURES AND COPYRIGHT INFORMATION

Additional information about Macro Opportunities may be found here.
The opinions and views expressed in this audio are as of 14 November 2017. Such opinions are subject to change and may differ from others in the Firm, or the Firm as a whole. This audio is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or product. Statements in this audio should not be considered investment advice and are not intended to be relied upon as a factual prediction or forecast of future events or performance or a guarantee of future results. Likewise, past results are not indicative of future investment results. Employees and/or clients of Western Asset Management may have a position in the securities mentioned.
The opinions and views expressed in this audio are as of 14 November 2017. Such opinions are subject to change and may differ from others in the Firm, or the Firm as a whole. This audio is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or product. Statements in this audio should not be considered investment advice and are not intended to be relied upon as a factual prediction or forecast of future events or performance or a guarantee of future results. Likewise, past results are not indicative of future investment results. Employees and/or clients of Western Asset Management may have a position in the securities mentioned.
Additional information about Macro Opportunities may be found here.
The opinions and views expressed in this audio are as of 13 October 2017. Such opinions are subject to change and may differ from others in the Firm, or the Firm as a whole. This audio is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or product. Statements in this audio should not be considered investment advice and are not intended to be relied upon as a factual prediction or forecast of future events or performance or a guarantee of future results. Likewise, past results are not indicative of future investment results. Employees and/or clients of Western Asset Management may have a position in the securities mentioned.
The opinions and views expressed in this audio are as of 10 October 2017. Such opinions are subject to change and may differ from others in the Firm, or the Firm as a whole. This audio is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or product. Statements in this audio should not be considered investment advice and are not intended to be relied upon as a factual prediction or forecast of future events or performance or a guarantee of future results. Likewise, past results are not indicative of future investment results. Employees and/or clients of Western Asset Management may have a position in the securities mentioned.
Additional information about Macro Opportunities may be found here.
The opinions and views expressed in this audio are as of 15 September 2017. Such opinions are subject to change and may differ from others in the Firm, or the Firm as a whole. This audio is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or product. Statements in this audio should not be considered investment advice and are not intended to be relied upon as a factual prediction or forecast of future events or performance or a guarantee of future results. Likewise, past results are not indicative of future investment results. Employees and/or clients of Western Asset Management may have a position in the securities mentioned.
The opinions and views expressed in this audio are as of 8 September 2017. Such opinions are subject to change and may differ from others in the Firm, or the Firm as a whole. This audio is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or product. Statements in this audio should not be considered investment advice and are not intended to be relied upon as a factual prediction or forecast of future events or performance or a guarantee of future results. Likewise, past results are not indicative of future investment results. Employees and/or clients of Western Asset Management may have a position in the securities mentioned.
Additional information about Macro Opportunities may be found here.
The opinions and views expressed in this audio are as of 15 August 2017. Such opinions are subject to change and may differ from others in the Firm, or the Firm as a whole. This audio is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or product. Statements in this audio should not be considered investment advice and are not intended to be relied upon as a factual prediction or forecast of future events or performance or a guarantee of future results. Likewise, past results are not indicative of future investment results. Employees and/or clients of Western Asset Management may have a position in the securities mentioned.
The opinions and views expressed in this audio are as of 8 August 2017. Such opinions are subject to change and may differ from others in the Firm, or the Firm as a whole. This audio is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or product. Statements in this audio should not be considered investment advice and are not intended to be relied upon as a factual prediction or forecast of future events or performance or a guarantee of future results. Likewise, past results are not indicative of future investment results. Employees and/or clients of Western Asset Management may have a position in the securities mentioned.
Additional information about Macro Opportunities may be found here.
The opinions and views expressed in this audio are as of 19 July 2017. Such opinions are subject to change and may differ from others in the Firm, or the Firm as a whole. This audio is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or product. Statements in this audio should not be considered investment advice and are not intended to be relied upon as a factual prediction or forecast of future events or performance or a guarantee of future results. Likewise, past results are not indicative of future investment results. Employees and/or clients of Western Asset Management may have a position in the securities mentioned.
The opinions and views expressed in this audio are as of 13 July 2017. Such opinions are subject to change and may differ from others in the Firm, or the Firm as a whole. This audio is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or product. Statements in this audio should not be considered investment advice and are not intended to be relied upon as a factual prediction or forecast of future events or performance or a guarantee of future results. Likewise, past results are not indicative of future investment results. Employees and/or clients of Western Asset Management may have a position in the securities mentioned.
Additional information about Macro Opportunities may be found here.
The opinions and views expressed in this audio are as of 16 June 2017. Such opinions are subject to change and may differ from others in the Firm, or the Firm as a whole. This audio is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or product. Statements in this audio should not be considered investment advice and are not intended to be relied upon as a factual prediction or forecast of future events or performance or a guarantee of future results. Likewise, past results are not indicative of future investment results. Employees and/or clients of Western Asset Management may have a position in the securities mentioned.
The opinions and views expressed in this audio are as of 12 May 2017. Such opinions are subject to change and may differ from others in the Firm, or the Firm as a whole. This audio is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or product. Statements in this audio should not be considered investment advice and are not intended to be relied upon as a factual prediction or forecast of future events or performance or a guarantee of future results. Likewise, past results are not indicative of future investment results. Employees and/or clients of Western Asset Management may have a position in the securities mentioned.
Additional information about Macro Opportunities may be found here.
The opinions and views expressed in this audio are as of 11 May 2017. Such opinions are subject to change and may differ from others in the Firm, or the Firm as a whole. This audio is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or product. Statements in this audio should not be considered investment advice and are not intended to be relied upon as a factual prediction or forecast of future events or performance or a guarantee of future results. Likewise, past results are not indicative of future investment results. Employees and/or clients of Western Asset Management may have a position in the securities mentioned.
Additional information about Macro Opportunities may be found here.
The opinions and views expressed in this audio are as of 14 April 2017. Such opinions are subject to change and may differ from others in the Firm, or the Firm as a whole. This audio is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or product. Statements in this audio should not be considered investment advice and are not intended to be relied upon as a factual prediction or forecast of future events or performance or a guarantee of future results. Likewise, past results are not indicative of future investment results. Employees and/or clients of Western Asset Management may have a position in the securities mentioned.
The opinions and views expressed in this audio are as of 14 April 2017. Such opinions are subject to change and may differ from others in the Firm, or the Firm as a whole. This audio is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or product. Statements in this audio should not be considered investment advice and are not intended to be relied upon as a factual prediction or forecast of future events or performance or a guarantee of future results. Likewise, past results are not indicative of future investment results. Employees and/or clients of Western Asset Management may have a position in the securities mentioned.
Additional information about Macro Opportunities may be found here.
The opinions and views expressed in this audio are as of 17 March 2017. Such opinions are subject to change and may differ from others in the Firm, or the Firm as a whole. This audio is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or product. Statements in this audio should not be considered investment advice and are not intended to be relied upon as a factual prediction or forecast of future events or performance or a guarantee of future results. Likewise, past results are not indicative of future investment results. Employees and/or clients of Western Asset Management may have a position in the securities mentioned.
The opinions and views expressed in this audio are as of 14 March 2017. Such opinions are subject to change and may differ from others in the Firm, or the Firm as a whole. This audio is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or product. Statements in this audio should not be considered investment advice and are not intended to be relied upon as a factual prediction or forecast of future events or performance or a guarantee of future results. Likewise, past results are not indicative of future investment results. Employees and/or clients of Western Asset Management may have a position in the securities mentioned.
The opinions and views expressed in this audio are as of 17 February 2017. Such opinions are subject to change and may differ from others in the Firm, or the Firm as a whole. This audio is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or product. Statements in this audio should not be considered investment advice and are not intended to be relied upon as a factual prediction or forecast of future events or performance or a guarantee of future results. Likewise, past results are not indicative of future investment results. Employees and/or clients of Western Asset Management may have a position in the securities mentioned.
Additional information about Macro Opportunities may be found here.
The opinions and views expressed in this audio are as of 14 February 2017. Such opinions are subject to change and may differ from others in the Firm, or the Firm as a whole. This audio is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or product. Statements in this audio should not be considered investment advice and are not intended to be relied upon as a factual prediction or forecast of future events or performance or a guarantee of future results. Likewise, past results are not indicative of future investment results. Employees and/or clients of Western Asset Management may have a position in the securities mentioned.
Additional information about Macro Opportunities may be found here.
The opinions and views expressed in this audio are as of 17 January 2017. Such opinions are subject to change and may differ from others in the Firm, or the Firm as a whole. This audio is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or product. Statements in this audio should not be considered investment advice and are not intended to be relied upon as a factual prediction or forecast of future events or performance or a guarantee of future results. Likewise, past results are not indicative of future investment results. Employees and/or clients of Western Asset Management may have a position in the securities mentioned.
The opinions and views expressed in this audio are as of 12 January 2017. Such opinions are subject to change and may differ from others in the Firm, or the Firm as a whole. This audio is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or product. Statements in this audio should not be considered investment advice and are not intended to be relied upon as a factual prediction or forecast of future events or performance or a guarantee of future results. Likewise, past results are not indicative of future investment results. Employees and/or clients of Western Asset Management may have a position in the securities mentioned.
Additional information about Macro Opportunities may be found here.
The opinions and views expressed in this audio are as of 19 December 2016. Such opinions are subject to change and may differ from others in the Firm, or the Firm as a whole. This audio is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or product. Statements in this audio should not be considered investment advice and are not intended to be relied upon as a factual prediction or forecast of future events or performance or a guarantee of future results. Likewise, past results are not indicative of future investment results. Employees and/or clients of Western Asset Management may have a position in the securities mentioned.
The opinions and views expressed in this audio are as of 13 December 2016. Such opinions are subject to change and may differ from others in the Firm, or the Firm as a whole. This audio is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or product. Statements in this audio should not be considered investment advice and are not intended to be relied upon as a factual prediction or forecast of future events or performance or a guarantee of future results. Likewise, past results are not indicative of future investment results. Employees and/or clients of Western Asset Management may have a position in the securities mentioned.