Franklin Intermediate Fixed Income SMA Q1 2026 Commentary
Franklin Templeton·2026-06-25·via All Articles on Seeking Alpha
Summary
The war in the Middle East, which began in late February when the United States and Israel struck Iran, dominated much of the news flow and financial market sentiment over the remainder of the quarter.
Security selection within sectors contributed to results, primarily due to selection in UST bonds and in insurance and communications names.
IG corporate bond spreads have widened recently due to geopolitical tensions and rising energy prices, reaching their widest levels since May 2025.
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Key Takeaways
Markets: The war in the Middle East, which began in late February when the United States and Israel struck Iran, dominated much of the news flow and financial market sentiment over the remainder of the
