Breckinridge Capital Advisors is a Boston-based investment advisor specializing in the management of high-grade fixed-income portfolios for institutions and private clients. Working through a network of investment consultants and advisors, Breckinridge offers municipal, corporate, government and sustainable bond strategies in customized separate accounts.
In April, the U.S. economy lost some of its first-quarter momentum, which intensified concerns of an unsteady economic recovery. Even seemingly encouraging results were cause for concern. For example, the steadily decreasing unemployment rate in recent months was driven partly by people withdrawing from the labor force. The participation rate has fallen to 63.3 percent, the lowest level since 1979, and the...» MORE
The U.S. economy exhibited modest growth in the first quarter, with most economic reports generally stronger than expected. In particular, the housing and manufacturing sectors continued to expand. Recent Congressional actions have provided near-term support for consumer confidence. In December 2012, Congress resolved the fiscal-cliff standoff and subsequently raised the debt ceiling until May 19. It also...» MORE
Celebrating 20 Years With A Perspective On Rates
As Breckinridge celebrates its 20th anniversary this month, we are struck by the similarities between market conditions today, as we begin our third decade, and the conditions that existed 10 and 20 years ago. Interest rates were also quite low in 1993 and 2003. Most economists were predicting a significant rise in rates and decline in bond prices... » MORE