Franklin Templeton affiliates make inflation play
Counterparty Radar: Western AM, Legg Mason lead way as US funds regain interest in inflation swaps
Franklin Templeton subsidiaries Legg Mason and Western Asset Management built a combined $4.1 billion position in inflation swaps in the fourth of quarter of 2021, a total more than 10 times higher compared to what they were holding in their books in Q3.
The aggregate of the two firms was enough to push inflation swap trades from US mutual funds above the $29 billion threshold, but below the all
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