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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.
15 November 2016
Recent US Economic Data Have Moved in the Fed’s Favor
4:07
In the latest monthly Macro Opps podcast, Product Specialist Joseph Filicetti shares how the firming of recent economic data has changed the consensus view toward a more positive outlook that sees the global economy on better footing.
17 October 2016
The Fed Considers a Higher Inflation Target and a Lower Unemployment Rate
5:47
In this month’s Macro Opps podcast, Product Specialist Joseph Filicetti discusses why the Fed seems far away from laying the groundwork for more rate hikes, particularly if the unemployment rate doesn’t fall between now and December.
12 October 2016
Potential Tax Reform Impact on Municipal Bonds
6:04
In the latest monthly podcast, Robert Amodeo, Head of Municipals, shares insight as to why municipal investors can expect incremental but no major policy changes regarding tax reform this election season.
15 September 2016
Fed Likely to Leave Rates Unchanged in September
5:05
In the latest monthly Macro Opps podcast, Product Specialist Joseph Filicetti shares how lackluster GDP growth is likely to prevent a rate hike in September.
12 September 2016
Pick-up in Supply Does Not Offset Performance
5:08
In this month’s Municipals podcast, Robert Amodeo, Head of Municipals, comments that there was $45 billion of new issue supply in August, a 39% increase versus the same month in 2015. This supply was met with ample demand from open-end mutual fund investors.
11 August 2016
It Was a Good Month for Risk Assets Across the Board
4:53
In this month’s Macro Opps podcast, Product Specialist Josephs Filicetti discusses how risk assets outperformed in July, supported by the willingness of central banks to increase already extraordinary monetary accommodation.
10 August 2016
Favorable Technicals Provide Steady Backdrop for Municipals
6:21
In the latest monthly podcast, Robert Amodeo, Head of Municipals, describes how global demand for municipal debt continues to be met with modest supply, despite a lack of fireworks in July performance.
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「マクロ・オポチュニティーズ」と「米国地方債」運用戦略について、定期的に音声でのアップデートを配信しております。(英語のみのご提供)
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
MACRO OPPORTUNITIES
Recent US Economic Data Have Moved in the Fed’s Favor  15 November 2016

In the latest monthly Macro Opps podcast, Product Specialist Joseph Filicetti shares how the firming of recent economic data has changed the consensus view toward a more positive outlook that sees the global economy on better footing.
4:07
MACRO OPPORTUNITIES
The Fed Considers a Higher Inflation Target and a Lower Unemployment Rate  17 October 2016

In this month’s Macro Opps podcast, Product Specialist Joseph Filicetti discusses why the Fed seems far away from laying the groundwork for more rate hikes, particularly if the unemployment rate doesn’t fall between now and December.
5:47
MUNICIPALS
Potential Tax Reform Impact on Municipal Bonds  12 October 2016

In the latest monthly podcast, Robert Amodeo, Head of Municipals, shares insight as to why municipal investors can expect incremental but no major policy changes regarding tax reform this election season.
6:04
MACRO OPPORTUNITIES
Fed Likely to Leave Rates Unchanged in September  15 September 2016

In the latest monthly Macro Opps podcast, Product Specialist Joseph Filicetti shares how lackluster GDP growth is likely to prevent a rate hike in September.
5:05
MUNICIPALS
Pick-up in Supply Does Not Offset Performance  12 September 2016

In this month’s Municipals podcast, Robert Amodeo, Head of Municipals, comments that there was $45 billion of new issue supply in August, a 39% increase versus the same month in 2015. This supply was met with ample demand from open-end mutual fund investors.
5:08
MACRO OPPORTUNITIES
It Was a Good Month for Risk Assets Across the Board  11 August 2016

In this month’s Macro Opps podcast, Product Specialist Josephs Filicetti discusses how risk assets outperformed in July, supported by the willingness of central banks to increase already extraordinary monetary accommodation.
4:53
MUNICIPALS
Favorable Technicals Provide Steady Backdrop for Municipals  10 August 2016

In the latest monthly podcast, Robert Amodeo, Head of Municipals, describes how global demand for municipal debt continues to be met with modest supply, despite a lack of fireworks in July performance.
6:21

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 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.
Additional information about Macro Opportunities may be found here.
The opinions and views expressed in this audio are as of 15 November 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.
Additional information about Macro Opportunities may be found here.
The opinions and views expressed in this audio are as of 17 October 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 12 October 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.
Additional information about Macro Opportunities may be found here.
The opinions and views expressed in this audio are as of 15 September 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 12 September 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.
Additional information about Macro Opportunities may be found here.
The opinions and views expressed in this audio are as of 11 August 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 10 August 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.