WIA News and Press, Western Asset Inflation-Linked Income Fund From 09/14/23

2023-09-14 04:45:00 ET Summary The Consumer Price Index (CPI) increased by 0.63% in August, the largest month-to-month increase since June 2022. Despite ongoing adjustments to health insurance CPI, core CPI and core services CPI accelerated. Fuel prices, particularly gasoline,...

2023-09-13 11:30:00 ET Summary US August inflation data shows a modest upside surprise, with headline CPI at 0.6% and core prices at 0.3%. The Fed is likely to keep one final rate hike in their forecasts despite keeping rates on hold in September. Risks to inflation include hi...

2023-08-11 07:00:00 ET Summary The US dollar remains firm, rising against major currencies and emerging market currencies. US quarterly refunding completed successfully, with a slight downgrade in chances of a Fed hike next month. China's lending figures for July were unexpect...

2023-06-20 09:45:00 ET Summary Sticky inflation is leading major central banks to keep policy tight. We prefer emerging market debt as policy loosens and like short-dated bonds for income. Developed market short-term bond yields jumped after central banks signaled more rate hikes ...

2023-06-05 13:20:00 ET Summary We see the market’s focus returning to higher-for-longer rates and sticky inflation after a U.S. debt ceiling deal. We prefer an up-in-quality portfolio. U.S. stocks hit 2023 highs after the debt ceiling deal. Yields rose amid the specter of r...

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...

Legg Mason Partners Fund Advisor, LLC announced today that certain closed-end funds have declared their distributions pursuant to their managed distribution policy for the months of June, July, August, September, October and November 2023. The following dates apply to the distribution schedul...

2023-04-17 10:30:00 ET Summary The joint stock-bond rally this year has put renewed focus on portfolio construction approaches. We think a new macro regime needs a new approach. U.S. stocks rose last week but lost steam on Friday on the market partly pricing out potential rate cut...

2023-04-16 01:45:34 ET Summary We review CEF market valuation and performance through the first week of April and highlight recent market action. CEFs had a fairly flat week with higher-quality / longer-duration sectors outperforming due to the continued drop in longer-term Treasu...

2023-04-10 11:30:00 ET Summary We upped our overweight of inflation-linked bonds in March to quickly take advantage of the market pricing lower inflation - our new playbook in action. Bond yields rose after data showed a still-tight U.S. labor market. We think that keeps inflation...