Beyond Bulls & Bears

Moving Up in Credit Quality for Better Durability
Fixed Income

Moving Up in Credit Quality for Better Durability

Some investment-grade bonds are riskier than their ratings imply, while high-yield bonds have seen some positive tailwinds. Meanwhile, a large number of bank loan agreements now favour borrowers over lenders. Franklin Templeton Fixed Income Group’s Glenn Voyles, Marc Kremer, Matt Fey, Brian French and Reema Agarwal take a look at these areas of credit landscape today.

Who Said the Rules of the Game Could Change Because LIBOR’s Going Away?
Fixed Income

Who Said the Rules of the Game Could Change Because LIBOR’s Going Away?

There’s been a lot of discussion in the fixed income world about the end of the London Interbank Offered Rate (LIBOR) and what might replace it. But what hasn’t been as widely discussed is an important consequence for investors in this space: changes to LIBOR language in new-issue and amended credit agreements—particularly how these changes are implemented. Mark Boyadjian, director of our Floating Rate Debt Group, and Reema Agarwal, vice president and director of research, explain.

Why Higher Interest Rates Could Draw Yield-Seekers to Leveraged Loans
Fixed Income

Why Higher Interest Rates Could Draw Yield-Seekers to Leveraged Loans

We believe that having a possible deluge of perhaps unqualified borrowers flood the market will make fundamental and independent research even more important for potential investors in this asset class.

Floating a Fixed Income Investment Idea

Floating a Fixed Income Investment Idea

Silver Lining: Fed’s “Tapering” Signals Stronger Economy

Silver Lining: Fed’s “Tapering” Signals Stronger Economy