Western Asset Fixed Income
US Treasuries—Drawing a Line at the Long End
August 21, 2026
Western Asset examines the implications of the US Treasury’s announcement to at least double the size of its long-term bond buybacks.
Western Asset
Western Asset is a globally integrated fixed income manager, sourcing ideas and investment solutions worldwide.
Our approach
Dedicated to active fixed income asset management
We believe that by dedicating all of our resources to active fixed income asset management, we can provide superior investment results and service to our clients. We believe that active, value-driven investing can add significantly to returns and reduce portfolio volatility over a market cycle.
Globally integrated
We think and act on a global basis. Diversity of knowledge and experience from specialists located throughout our eight global investment centers meaningfully broadens our opportunity set and improves our ability to diversify portfolios.
Risk management is fundamental to how we manage assets
We integrate risk management into our portfolio construction process, and independent risk managers continually monitor portfolio risk.
Featured products
Each manager follows a well-defined investment process rooted in the discipline, rigor and experience gained over decades of successfully navigating global markets—and underpinned by robust risk management protocols at the portfolio and enterprise levels.
SHIYX
Western Asset Short Duration High Income Fund - Class I
Seeks high current income while minimizing interest rate volatility exposure via short duration, high income debt, including floating-rate instruments. Uses the global breadth of Western Asset's investment platform, fundamental value-oriented investment philosophy and a process that combines top down macro economic views with bottom up fundamental research. Income investors seeking high current income and lower sensitivity to rising interest rates may find this fund appropriate.
Western Asset Enhanced Cash SMA Portfolios
The Western Asset Enhanced Cash SMA invests in short-term investment-grade securities with a maximum portfolio duration of two years or less and benchmark to a variety of short-term indexes, such as the Citi 90-Day Treasury Bill Index and the Bloomberg 1-3 Year Government Bond Index.
Western Asset Managed Municipals Portfolios
Western Asset Managed Municipals Portfolios consist of directly owned individual securities and shares of a no-fee mutual fund advised by Western Asset. The no-fee fund is used by Western Asset to achieve appropriate levels of diversification, as well as blend the attractive features of individually managed portfolios with the benefit of exposures to sectors that are normally difficult to include in a separately managed account with low minimum investment requirements.
Related Insights
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Western Asset Fixed Income
Key Convictions: Third Quarter 2026
August 13, 2026
In this third quarter update, Western Asset believes global fixed-income markets continue to navigate a complex backdrop as resilient growth, elevated inflation, hawkish central-bank pricing and the AI infrastructure buildout intersect.
Western Asset Fixed Income
Japan—When Yield Comes Home
August 12, 2026
Western Asset suggests Japanese government bond yields are rising for the first time in decades, prompting domestic investors to repatriate funds and signaling a shift in global capital flows.
Western Asset Fixed Income
Muni Monthly: July 2026
August 11, 2026
Western Asset: The Muni Monthly covers performance, supply and demand technicals, fundamentals and valuations.
Western Asset Fixed Income
July FOMC Recap—More Bark Than Bite?
July 30, 2026
The Fed held rates steady today as Chair Warsh’s tough talk on inflation failed to translate into action.
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Important Information
Past performance is no guarantee of future results. Performance shown excludes sales charges, if any. Had sale charges been included, performance would be lower. The "% Change" column(s), indicate a change in the Net Asset Value (NAV) or Market Price from the previous business day. All investments involve risk, including loss of principal. Please see each product's web page for specific details regarding investment objective, risks, performance and other important information. Review this information carefully before you make any investment decision. Additional share classes and products may be available.
All investments involve risks, including possible loss of principal.
Past performance does not guarantee future results.
Please see each product’s webpage for specific details regarding investment objective, risks, performance and other important information. Review this information carefully before you make any investment decision.