Beyond Bulls & Bears

High Yield Bonds in View: The Impact of Inflation
Fixed Income

High Yield Bonds in View: The Impact of Inflation

Our high yield corporate credit team has been monitoring how inflation is impacting various market sectors, with an eye on four factors: input cost inflation, pricing power, impact to earnings and repricing vulnerability. Here, Matt Fey and Brian French explore which sectors may be more greatly impacted within these areas, and why corporate credit in general should be able to weather inflation reasonably well.

US High Yield Faces Double Whammy
Fixed Income

US High Yield Faces Double Whammy

Financial markets across the globe have been dealt a one-two punch—the spread of the coronavirus and an oil price war that caused prices to plummet. Glenn Voyles, Matt Fey and Bryant Dieffenbacher of Franklin Templeton Fixed Income examine the impact on high-yield credit.

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.