For over half a century, Franklin Templeton Fixed Income has been a trusted partner to investors worldwide. Our global platform of 235+ investment professionals delivers comprehensive fixed income solutions built on deep expertise, rigorous research, and investment excellence.
We combine global scale, independent decision-making, and disciplined risk oversight to align portfolios with client objectives across market cycles.
Our approach strives to support consistent, repeatable outcomes aligned with client expectations across market cycles.
Franklin Templeton Fixed Income is led by Sonal Desai, Ph.D. Chief Investment Officer, Franklin Templeton Fixed Income.
Dr. Sonal Desai oversees all of Franklin Templeton's Fixed Income teams and is a member of Franklin Resources' Executive Committee, a small group of the company's top leaders responsible for shaping the firm's overall strategy and thematic investment direction. She also serves on the firm's Management and Investment Committees.
Head of Municipal Bonds
Head of Global Aggregate
Head of Credit Research
Head of India Alternatives
Head of Indian Fixed Income
Head of Emerging Market Debt
Head of Templeton Global Macro
Head of Global Sukuk and MENA Fixed Income
Head of Corporate Credit and Investment Grade Credit
Head of Broad Markets and Securitized Products
Head of Brandywine Global Fixed Income
Head of European Fixed Income and Sustainability
Risk is embedded in portfolio construction and reinforced by independent oversight, aligned with client objectives.
Our global fixed income platform spans markets and sectors, integrating specialized expertise across a wide range of capabilities. This breadth of perspective strengthens portfolio construction, supporting clear mandates, disciplined risk oversight, and defined roles within broader allocations. View all strategies >
The fund seeks as high a rate of current income as the portfolio managers believe is consistent with preservation of capital and maintenance of liquidity by investing in a diversified portfolio composed of short-duration, investment-grade money market and other fixed income securities.
The fund seeks as high a rate of current income as the portfolio managers believe is consistent with preservation of capital by investing in short-term bonds and other securities while generally maintaining an effective duration of three years or less.
The fund seeks to provide a high level of current income as is consistent with prudent investing, while seeking to preserve shareholders' capital by primarily investing in bonds and investments that provide exposure to bonds. The fund targets an estimated average portfolio duration of one (1) year or less.
November 3, 2026
Take a deep dive into activity in the municipal bond market over the past week.
November 2, 2026
The big story last week? The Federal Reserve paused despite stronger growth and persistent inflation. It was a hawkish pause, with a December hike still the base case, according to Franklin Templeton Fixed Income. Third-quarter gross domestic product showed the US economy's resilience, but also its growing dependence on artificial intelligence investment, and household purchasing power took a hit.
October 14, 2026
The balance of risks has shifted back toward inflation, according to Franklin Templeton Fixed Income. Stronger growth has made the trade-off from tighter policy less binding, while renewed energy pressure has encouraged central banks to lean pre-emptively against the risk of persistence.
October 14, 2026
In their latest publication, Templeton Global Macro highlights recent changes for developed and emerging markets in its ESG Index and discuss how the index methodology has been kept stable in the latest round of scoring.
October 9, 2026
A continued stalemate in the Middle East—resulting in surging oil prices and renewed inflation fears—and tighter central bank policy drove markets in September, while the US dollar strengthened and sovereign bond yields rose. The outlook remains highly uncertain, but global growth data remain relatively resilient, underscoring the importance of analyzing countries based on their idiosyncratic fundamentals.
October 6, 2026
Attractive yields support income opportunities, but tight credit spreads call for selectivity. Franklin Templeton Fixed Income believes investors may favor high-quality, short- to intermediate-maturity bonds, with emphasis on security selection, while limiting longer-duration. Municipal bonds also stand out, offering compelling tax-exempt yields.
October 5, 2026
Municipal bonds faced a challenging September as rising yields, record supply and tax-loss selling pressured the market. The Franklin Templeton Fixed Income team examines recent performance, resilient credit fundamentals and increasingly compelling tax-exempt income opportunities, and relative valuations following the month’s sharp market dislocation.
October 2, 2026
In this quarterly deep dive publication, the Franklin Templeton Fixed Income team suggests a severe El Niño could drive higher inflation and weaker growth across many emerging markets, reinforcing the need for a selective, country-by-country investment approach..
September 21, 2026
Global growth remains resilient but uneven. In the United States, expansion is supported by private demand, a stable labor market and AI investment, while Europe and Japan continue to show surprising strength despite ongoing risks.
September 21, 2026
Federal Reserve (Fed) chair Kevin Warsh has established his hawkish credentials. Franklin Templeton CIO, Sonal Desai sees scope for further yield curve steepening and a range of selective opportunities, based on capturing income and focusing on quality rather than counting on lower rates or tighter spreads.
All investments involve risk, including possible 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. There is no guarantee that any strategy will achieve its objective.
This material is intended to be of general interest only and should not be construed as individual investment advice or a recommendation or solicitation to buy, sell or hold any security or to adopt any investment strategy. It does not constitute legal or tax advice.
Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.
ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and expenses will reduce returns. There is no guarantee that any strategy will achieve its objective.
Separately Managed Accounts (SMAs) are investment services provided by Franklin Templeton Private Portfolio Group, LLC (FTPPG), a federally registered investment advisor. Client portfolios are managed based on investment instructions or advice provided by affiliated subadvisors of Franklin Templeton. Management is implemented by FTPPG, the designated subadvisor or, in the case of certain programs, the program sponsor or its designee.
Putnam funds are not exchangeable for funds distributed by Franklin Distributors, LLC.
Franklin Distributors, LLC. Member FINRA/SIPC. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
