https://brandywineglobal.com/aroundthecurve/ en-us ©2024 Brandywine Global Investment Management, LLC. All Rights Reserved. Insights from Brandywine Global Brandywine Global Investment Management, LLC Around the Curve from Brandywine Global Investment Management is a resource for global macroeconomic research, as well as fixed income and equity thought leadership within the asset management industry. Brandywine Global Investment Management, LLC socialmedia@brandywineglobal.com no Paul Mielczarski, Katie Klingensmith Head of Global Macro Strategy Paul Mielczarski and SVP – Investment Specialist Katie Klingensmith take a look at the inflation picture and policy outlook. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=312300023 Thu, 23 May 2024 00:00:00 EST 22:11 Katie Klingensmith, Bill Zox, CFA Portfolio Manager Bill Zox and SVP-Investment Specialist Katie Klingensmith discuss the factors supporting opportunities in U.S. and global high yield, despite tight current spreads. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=590438285 Thu, 25 Apr 2024 00:00:00 EST 20:27 Anujeet Sareen, CFA,Katie Klingensmith Portfolio Manager Anujeet Sareen and SVP-Investment Specialist Katie Klingensmith discuss whether U.S. dollar strength may continue and how that outlook could impact other currencies. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=642639623 Fri, 22 Mar 2024 00:00:00 EST 27:09 Katie Klingensmith, Brian L. Kloss, JD, CPA Portfolio Manager Brian Kloss and SVP-Investment Specialist Katie Klingensmith discuss the support for global multi-sector fixed income, including diversification and total return potential. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=311458497 Fri, 15 Mar 2024 00:00:00 EST 18:42 Katie Klingensmith, Tracy Chen, CFA, CAIA,John McClain, CFA,Kevin O’Neil Our experts see plenty to like in credit markets. But dexterity and patience are key to finding opportunities and avoiding risks. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=750255097 Mon, 12 Feb 2024 00:00:00 EST 34:43 Katie Klingensmith, Paul Mielczarski Head of Global Macro Strategy Paul Mielczarski and Senior Vice President - Investment Specialist Katie Klingensmith discuss the macroeconomic outlook and fixed income positioning. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=659054064 Tue, 30 Jan 2024 00:00:00 EST 22:34 Katie Klingensmith, Director of Global Macro Research Francis Scotland and Senior Vice President – Investment Specialist Katie Klingensmith discuss the macroeconomic outlook and opportunities in fixed income. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=132959517 Thu, 07 Dec 2023 00:00:00 EST 14:16 Katie Klingensmith, Carol Lye Portfolio Manager & Senior Research Analyst Carol Lye and Senior Vice President – Investment Specialist Katie Klingensmith discuss the factors impacting Asian bonds and currencies. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=972726291 Mon, 20 Nov 2023 00:00:00 EST 16:50 James J. Clarke, Katie Klingensmith,Sorin Roibu, CFA Inside the U.S., a narrow group of stocks has led performance this year. Elsewhere, there is a world of opportunity with high quality stocks trading at compelling valuations. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=181002193 Fri, 10 Nov 2023 00:00:00 EST 23:47 Katie Klingensmith, Bill Zox, CFA,Andrew Bogle Our experts review how the macroeconomic outlook could impact credit spreads and defaults, and why watching equities and private credit may give clues to what comes next for corporate bonds. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=332928593 Mon, 09 Oct 2023 00:00:00 EST 30:22 Katie Klingensmith, Anujeet Sareen, CFA Portfolio Manager Anujeet Sareen and Senior Vice President – Investment Specialist Katie Klingensmith discuss recent moves in US Treasuries and the catalysts that could drive yields lower. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=298756814 Fri, 08 Sep 2023 00:00:00 EST 21:25 Michael Arno, CFA,Katie Klingensmith After an exciting rally for emerging markets, especially local currency bonds, our latest podcast reviews the drivers behind performance and whether the momentum could continue. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=506965595 Mon, 14 Aug 2023 00:00:00 EST 25:57 Katie Klingensmith, Renato Latini, CFA,John McClain, CFA,Kevin O’Neil In this panel discussion, our experts assess the opportunities and risks in global corporate credit markets and what investors may see in the second half of the year: https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=788897707 Wed, 26 Jul 2023 00:00:00 EST 29:29 Bill Zox, CFA,Renato Latini, CFA,Kevin O’Neil,Katie Klingensmith From the Federal Reserve to banking stress, our experts discuss the top-down macroeconomic forces and bottom-up fundamentals impacting U.S. and global corporate bond markets. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=812627059 Tue, 23 May 2023 00:00:00 EST 25:31 Paul Mielczarski, Katie Klingensmith Paul Mielczarski and Katie Klingensmith review the components driving inflation and discuss how these factors are shaping the team’s macroeconomic outlook and views on duration. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=932323349 Tue, 02 May 2023 00:00:00 EST 23:28 Anujeet Sareen, CFA,Katie Klingensmith Despite lingering cyclical tailwinds, Portfolio Manager Anujeet Sareen believes the factors that drove the dollar higher are reversing, setting the stage for a multi-year decline in the greenback. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=359488234 Tue, 07 Feb 2023 00:00:00 EST 18:05 Brian L. Kloss, JD, CPA,Katie Klingensmith Taking a multi-sector view across global credit markets, Brian Kloss and Katie Klingensmith discuss where they see opportunities and how they are balancing risks and liquidity. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=970129423 Thu, 10 Nov 2022 00:00:00 EST 17:19 Jack P. McIntyre, CFA,Katie Klingensmith Jack McIntyre and Katie Klingensmith assess the inflation situation in the U.S. and globally and the potential for inflation expectations to open the door for a wage-price spiral. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=364565249 Tue, 18 Oct 2022 00:00:00 EST 6:27 Anujeet Sareen, CFA,Katie Klingensmith The U.S. dollar bull market has been underway for some time, defying expectations. Anujeet Sareen and Katie Klingensmith discuss the drivers behind the dollar’s extraordinary strength. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=533334120 Thu, 25 Aug 2022 00:00:00 EST 14:05 Katie Klingensmith Emerging markets face several headwinds to growth. Alberto Boquin and Katie Klingensmith discuss these challenges, including whether early, significant monetary tightening can curb inflation. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=991248844 Thu, 07 Jul 2022 00:00:00 EST 14:58 Katie Klingensmith According to Director of Global Macro Research Francis Scotland, it is difficult to imagine the U.S. economy will not experience at least an intense period of softness or weakness, or even a brief recession, over the next several months. As he and Senior Vice President – Investment Specialist Katie Klingensmith discuss in this podcast, the Russia-Ukraine war’s impact on energy prices and growth in Europe, China’s ongoing battle against Covid, and the erosion of real incomes caused by high inflation are conspiring to create a dismal global growth trajectory. Correspondingly, a meaningful swoon in inflation later this year also may be on the table. They discuss how these developments could in turn affect bond investors. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=364759345 Fri, 13 May 2022 00:00:00 EST 14:35 Jack P. McIntyre, CFA,Katie Klingensmith Embedded in the Treasury yield curve is a wealth of information about what the market expects for interest rates, inflation, and growth going forward. But just how accurate is the yield curve as a recession indicator? In this podcast, Portfolio Manager Jack McIntyre and Senior Vice President – Investment Specialist Katie Klingensmith decode the factors that influence its shape and what the curve might currently be signaling.. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=876344694 Tue, 26 Apr 2022 00:00:00 EST 22:00 David F. Hoffman, CFA,Katie Klingensmith The U.S. Federal Reserve (Fed) faces a difficult monetary policy balancing act, needing to address steep inflation on one side without crushing economic growth on the other side. In this podcast, Managing Director and Portfolio Manager David Hoffman and Senior Vice President – Investment Specialist Katie Klingensmith put the current macroeconomic and policy environment into context and discuss the Fed’s likelihood for success. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=359780627 Mon, 18 Apr 2022 00:00:00 EST 21:08 John McClain, CFA,Bill Zox, CFA, Currently, there appear to be few places for investors to hide from global turmoil and rising inflation. In this podcast, Portfolio Managers Bill Zox and John McClain, along with Vice President – Portfolio Specialist Amer Hasan, discuss the impact of recent events, from the war in Ukraine to Federal Reserve tightening, on financial markets and why U.S. high yield may present opportunities. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=682977953 Tue, 22 Mar 2022 00:00:00 EST 17:18 Katie Klingensmith Inflation is the topic on everyone’s minds. In this podcast, Francis Scotland and Katie Klingensmith discuss implications and policy responses to address inflation, and why this cycle is different. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=756453963 Mon, 31 Jan 2022 00:00:00 EST 18:37 Bill Zox, CFA,John McClain, CFA, In Franklin Templeton's latest “Talking Markets” podcast, Bill Zox and John McClain, portfolio managers with Brandywine Global, join Amer Hasan to discuss how current market and economic conditions could benefit high yield investors, the opportunities and risks right now, and why the asset class is often overlooked or misunderstood. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=788481382 Wed, 01 Dec 2021 00:00:00 EST 16:55 William Vaughan@@654616549@@ As a member of the UN PRI’s Credit Rating Advisory Committee, research analyst Will Vaughan joined the organization’s head of fixed income as well as Moody’s Investors Service for their first podcast in a series on ESG factors, credit risk and ratings. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=665835826 Fri, 29 May 2020 00:00:00 EST 19:00 Patrick S. Kaser, CFA,James J. Clarke We are dedicating our podcasts as a forum to highlight our ongoing Environmental, Social, and Governance (ESG) initiatives within each team’s investment process. Patrick Kaser and Jim Clarke of the Fundamental Equity team discuss how ESG factors are integrated into their investment process and highlight some of their favorite research examples. Ultimately, Patrick and Jim underscore that ESG analysis should be an inherent part of evaluating price and information risk, particularly for equity investors who conduct bottom-up research. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=534342238 Mon, 11 Nov 2019 00:00:00 EST 23:56 Brian L. Giuliano, CFA Late last year, we proposed the idea of the U.S. trading places with the global economy in 2019. We explain why global growth decoupled from the U.S. last year, and review the broad factors that will play an important role in our 2019 growth expectations: monetary policy, fiscal policy, and trade. Listen to members of our Global Fixed Income cover these topics in depth during our first podcast in the New Year. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=275755022 Tue, 15 Jan 2019 00:00:00 EST 15:33 Anujeet Sareen, CFA,Brian L. Giuliano, CFA Global growth has desynchronized this year, while political trends around the world have become synchronous. Brian Giuliano and Anujeet Sareen, members of our Global Fixed Income team, explain how fiscal and monetary conditions in China as well as the evolution of the U.S.-Sino bilateral relationship, could change the trajectory of global growth in 2019. Our Global Fixed Income team also examines how fiscal policy around the world may begin to reflect a shift in global political sentiment. https://brandywineglobal.com/aroundthecurve/index.cfm?page=article&content=344305094 Wed, 31 Oct 2018 00:00:00 EST 11:55