FLGV News and Press, Franklin Liberty U.S. Treasury Bond From 09/01/21

Franklin Liberty U.S. Treasury Bond ETF (NYSEARCA:FLGV) - $0.0379. 30-Day SEC Yield of 0.60% as of Jul. 31. Payable Sep 07; for shareholders of record Sep 01; ex-div Aug 31. For further details see: Franklin Liberty U.S. Treasury Bond ETF declares monthly distribution of $0.0379

The winning streak for American shares rolled on in August. US stocks rose for a seventh straight month and posted the strongest gain for the major asset classes. US bonds also lost ground in August. The Bloomberg Aggregate Bond Index slipped 0.2%, the first monthly decline for the be...

ECB hawks are making the case for a reduction in PEPP purchases in 4Q, and for less monetary support generally. If there is disagreement, we’ll find out today or tomorrow. We doubt EUR rates can withstand both ECB and Fed tapering this year at current valuations. For ...

In his speech on Friday, Fed Chair Jerome Powell stressed that inflationary pressures are cooling and getting closer to the Fed’s 2% target rate. Powell also acknowledged that some inflation is a “cause for concern” and implied that higher prices could be more permane...

The US front end maintains a magnetic hold, pulling short rates down. A non-committal Fed puts the focus squarely on Friday’s jobs report. September tapering may yet happen, but US Treasuries were allowed a pause in their sell-off. We expect supply to be a more potent drive...

Equities wobbled a bit midway through August, but they have since regained their mojo, all but confirming that the bull market in equities remains strong and unchallenged. A reduction in the pace of QE is coming, in both the US and Europe. Indeed, the pace of asset purchases already h...

If the unemployment rate is too high for the Fed’s mandate, ending QE might be more effective at solving that problem than continuing it, but I doubt stocks would like it - and that seems to matter to the Fed today. The economy is a multi-faceted, global beast which is controll...

There is mounting evidence that the current bump in inflation is just the beginning of a longer-term trend toward higher prices. Higher labor costs, insourcing to secure our supply chain and exogenous pressures on raw materials will be the main culprits. The media will have a fiel...

Strategas Investment Strategist Ryan Grabinski dives deep into recent updates to the Baird Market Gauge ("Sentiment" moved to Favorable from Unfavorable) and hints at a few areas to watch over the coming months. The S&P is trading at about 22x forward earnings, which is elevated. ...

In the absence of the 42-day Cash Management Bill, all that demand for it has to go somewhere. Yellen’s Department will try to supplement next Tuesday by reopening the August 10 issue of the 42-day, selling $45 billion of what will be essentially a 21-day CMB. It isn’...