| Insights

The content on this website is intended for investment professionals and institutional asset owners. Individual retail investors should consult with their financial advisers before using any of the content contained on this website. Breckinridge uses cookies to improve user experience. By using our website, you consent to our cookies in accordance with our cookie policy. By clicking “I Agree” and accessing this website, you represent and warrant that you are agreeing to the above statements. In addition, you have read, understood and agree to the terms and conditions of this website. The content on this website is not intended for use or distribution outside of the U.S.

Read Terms and Conditions

Home

Insights

Corporate

Q4 2021 Corporate Bond Market Outlook

By Nicholas Elfner

By the end of the third quarter, inflation, interest rates, and fiscal and monetary policy held implications for corporate IG bonds. Read more in our 3Q/4Q Corporate Bond Market Review & Outlook.

Investing

September 2021 Market Commentary

October 13, 2021

With sustained high demand for bonds in an environment of lower new supply, yields, and M/T ratios, we remained patient entering September.

Municipal

The Bipartisan Infrastructure Bill Is an Imperfect Credit-Positive for the Muni Market

August 17, 2021 - Adam Stern

The recently passed Infrastructure Investment and Jobs Act is likely to improve near-term muni credit fundamentals but falls short in other areas.

ESG

2021 Climate Summit Brings Pledges to Combat Climate Risk

July 1, 2021 - Robert Fernandez

At the Biden Administration’s virtual Climate Summit in April, world leaders from 40 countries gathered and several announced accelerated long-term targets to decarbonize their economies.

ESG

Justice Concepts Integrated in Administration’s Environmental and Climate Initiatives

July 1, 2021 - Nicholas Elfner, Adam Stern, Robert Fernandez, Andrew Teras

Members of our credit research teams discuss concepts of environmental justice (EJ) and climate justice (CJ) that are integrated in the Biden administration’s efforts.

ESG

Virtual Roundtables Bring Clients and Analysts Together

July 1, 2021 - Aimee Korch, Mitchel Syp

Two virtual roundtables exploring regional economies as they emerge from COVID-19 lockdowns also brought Breckinridge clients together with research analysts to explore relevant ESG issues.

Municipal

Duration Changes in 2021 Worth a Closer Look

June 4, 2021 - Matthew Buscone

Duration is a good way to measure the potential effect of interest rate changes on a bond portfolio.

ESG

Giving and Investing Trends Converge for More Powerful Philanthropy

April 28, 2021 - Ariana Polk

Donor-advised funds (DAFs) and environmental, social and governance (ESG) investment strategies are converging for greater philanthropic impact.

ESG

Breckinridge Marks a Decade of ESG Integration in 2021

April 20, 2021 - Peter Coffin

As our experience and insights related to ESG investing have advanced, so to has the industry’s. Peter Coffin reflects on the past decade of ESG integration at Breckinridge.

ESG

Changed Power Structure in DC May Support Environmental Initiatives

April 1, 2021 - Robert Fernandez, Andrew Teras, Cara Early, Alriona Costigan, Christopher Woodward, Joshua Stein

The arrival of new leadership in the White House and Senate in Washington DC increases the likely elevation of the debate—and perhaps legislation and regulation—related to key environmental interests.

Municipal

Still Work To Do for Many Municipal Issuers after Credit-Positive American Rescue Plan

March 11, 2021 - Adam Stern

While the $1.9 trillion American Rescue Plan is a credit positive for municipal bonds, many issuers have work to do to strengthen their finances.

Investing

Duration 101

August 9, 2021 - Jeremy Jenkins

Duration is one of the most important concepts for bondholders to understand as they review the performance of their fixed income investments.

Investing

June 2021 Market Commentary

July 13, 2021

Credit fundamentals were a positive for the municipal and corporate bond markets in June.

Corporate

Q3 2021 Corporate Bond Market Outlook

July 8, 2021 - Nicholas Elfner

As the global community seeks to emerge from COVID-19-imposed restrictions, much remains fluid.

Educational

Diversity, Equity and Inclusion Keys LGBTQ+ Action at Breckinridge

June 16, 2021 - Dominica Ribeiro, Kelly Wight

Q&A with Dominica Ribeiro and Kelly Wight about actions at Breckinridge to increase understanding and responsive management of LGBTQ+ and broader DEI issues.

Investing

May 2021 Market Commentary

June 4, 2021

In May, counterbalancing issues left investors uncertain, seemingly leaving markets in a wait-and-see mode.

Investing

April 2021 Market Commentary

May 5, 2021

In April, Treasury and municipal yields moved lower even as market trends and economic data were positive.

ESG

Sustainable Bond Innovations Spark Issuance, Boost Transparency

April 20, 2021 - Nicholas Elfner, Robert Fernandez, Will Queen

The sustainable bond market is benefiting from innovation that is expanding the availability and enhancing the transparency of debt issued to finance ESG progress.

Corporate

Q2 2021 Corporate Bond Market Outlook

April 9, 2021 - Nicholas Elfner

Corporate bond investors saw a net corporate leverage stabilize in the first quarter and gross leverage could improve with rising cash flows.

Investing

March 2021 Market Commentary

April 7, 2021

March was characterized by investors looking ahead and looking past risk, in many cases.

ESG

Engaging with the Tech Sector RE: Diversity, Equity, and Inclusion

March 8, 2021 - Abigail Ingalls, Robert Fernandez

Abi Ingalls and Rob Fernandez discusses key takeaways from their engagement calls with technology companies.

ESG

Podcast: Closing the Gender Gap

March 8, 2021 - Ruth Ducret, Abigail Ingalls, Dominica Ribeiro

Two senior research analysts and our former GWI intern have a conversation about women in the investment management industry.

ESG

The Future Benefit of Gender Lens Investing

March 8, 2021 - Abigail Ingalls, Dominica Ribeiro

Abi Ingalls, senior research analyst, spoke with CMO Dominica Ribeiro, about the state of gender lens investing (GLI).

Investing

February 2021 Market Commentary

March 4, 2021

Bond investors welcomed higher yields and a steepening yield curve during February.

Investing

January 2021 Market Commentary

February 3, 2021

In January, strong demand and limited supply dominated the bond markets. Read our monthly market summary for details.