FTSD News and Press, Franklin Liberty Short Duration U.S. Government From 05/31/23

2023-05-31 12:55:00 ET Summary While the market prices in a much higher likelihood of a rate hike at the June meeting, there was some decent news on the inflation front. In this month’s update of the Conference Board’s Consumer Confidence report, the inflation expect...

2023-05-31 12:05:00 ET Summary An acceleration of economic activity in the service sector would be most welcome under normal circumstances. Strength in the service sector is making the Fed’s inflation fight harder. The Fed has to take interest rates higher for longer if it ...

2023-05-31 03:27:43 ET Treasury yields continue to fall as a debt ceiling deal continues to advance on Capitol Hill. With a default nearly off the cards , the yield on the 10-year ( US10Y ) dropped 13 basis points on Tuesday to end the session at 3.69%, and slipped another 3 bps...

2023-05-30 22:30:00 ET Summary Inflation may not return to normal levels and could come in waves, similar to the 1970s, due to ongoing explosion in US national debt and soaring interest costs. Investors should prepare for a longer-term period of inflation by adjusting their portfo...

2023-05-30 11:35:00 ET Summary Inflation has proven sticky, even as growth weakens. Markets are realizing that policy rates are set to stay higher for longer. We like quality in stocks and bonds. Tech stocks surged further last week even as debt ceiling talks spurred bouts of vola...

2023-05-30 04:32:01 ET Investors are bracing for a week of political wrangling in Washington after President Biden and House Speaker Kevin McCarthy inked a deal on the debt limit. Both sides now have to muster enough votes to win Congressional approval, despite some opposition from ...

2023-05-29 13:45:00 ET Summary For over thirty years, warnings about the federal debt and annual deficits have come from those who insisted that running up huge debts would become a problem. They were right, but the time frame has proven to be much longer than most anticipated. Ma...

2023-05-29 11:05:00 ET Summary I just refreshed my favourite U.S. breakeven inflation chart and was surprised by how placid pricing has been. Although the 10-year breakeven inflation rate scooted upwards after the pandemic, it is below where it was pre-Financial Crisis, and roughl...

2023-05-29 08:35:00 ET Summary The Bureau of Labor Statistics measures changes in housing costs in ways that change slowly and arrive too late. A long data lag makes these overweighted housing inflation estimates misleading. If we look at “CPI less shelter,” the ...

2023-05-26 22:00:00 ET Summary The latest inflation data is not what Federal Reserve officials were hoping for. Core inflation, which excludes volatile food and energy prices and is thought to be a better predictor of future inflation, also remained high. Fed officials may wor...