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Insights

Securitized

Forbearance Means New Factors for Today’s MBS Market

By John Bastoni

Payment forbearance to mortgage borrowers could have implications for the MBS market and complicate conditions for mortgage servicers.

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Corporate

Perspective by Nicholas Elfner

COVID-19 and Corporate Default Rates in Recessions and Depressions Past

Municipal

Perspective by Laura Lake, Adam Stern

Webinar: Muni Credit Resiliency

Municipal

Perspective by Adam Stern

COVID-19 and Muni Credit: Essential service municipals are more resilient than appreciated

Investing

Perspective by Peter Coffin

From Peter Coffin: Navigating the Bond Market

Municipal

Perspective by Adam Stern

Regarding State Bankruptcy

Municipal

Perspective by Adam Stern

The Fed’s New Municipal Liquidity Facility: Modest Help or Market Game-Changer?

ESG

Perspective by Nicholas Elfner, Robert Fernandez

COVID-19 Crisis, Corporate Bonds and ESG Implications

Investing

Perspective by Peter Coffin

Comparing 2020 COVID-19 Market Turmoil to 2008

Investing

Perspective by Peter Coffin

From Peter Coffin – A Perspective on the Current Market

Municipal

Perspective by Adam Stern

Considerations for the Municipal Bond Market and COVID-19

ESG

Perspective by Robert Fernandez

Fossil-Fuel-Free Investing: Process and Perspective

Investing

Commentary

February 2020 Market Commentary

Investing

Perspective by Laura Lake

Gender Diversity – Creating positive, long-term change

ESG

ESG Newsletter by Abigail Ingalls

Gender Lens Investing Demands Continued Focus on Progress

Investing

Podcast recorded by Laura Lake

A powerful conversation between our CIO and CEO of Girls Who Invest

Municipal

Perspective by Matthew Buscone, Sara Chanda, Adam Stern

Surge in Taxable Issuance Creates Opportunities in the Municipal Bond Market

Municipal

Perspective by Benjamin Pease

Low Yields Elevate Value of M/T Ratios, Crossover Trades

Investing

Podcast recorded by Sara Chanda, Eric Haase, John Bastoni, Khurram Gillani

From the Desk - January Recap 2020

Investing

Commentary

January 2020 Market Commentary

Corporate

Perspective by Nicholas Elfner

Monitoring the Coronavirus for Risks to Bond Strategies

Investing

Perspective by Peter Coffin

Lessons from the Repo Market

ESG

ESG Newsletter by Christopher Woodward

Microgrid and Ownership: Unlocking Resilient, Sustainable Electricity Delivery

ESG

ESG Newsletter by Robert Fernandez

Setting Rules of the Road for Sustainable Markets

Securitized

Perspective by Laura Lake, John Bastoni

Gaining New MBS Risk Insight with ESG Analysis

Corporate

COVID-19 and Corporate Default Rates in Recessions and Depressions Past

By Nicholas Elfner

COVID-19 shutdowns could cause corporate bond defaults. Nick Elfner discusses the resilience of investment grade bond issuers historically.

Municipal

Webinar: Muni Credit Resiliency

By Laura Lake , Adam Stern

Co-head of research Adam Stern and CIO Laura Lake walk through how Breckinridge is thinking about muni credit risk and credit fundamentals.

Municipal

COVID-19 and Muni Credit: Essential service municipals are more resilient than appreciated

By Adam Stern

The coronavirus induced economic turmoil is depressing municipal revenues and increasing operating costs. Adam Stern explains why many muni bonds enter this predicament in better shape than past slowdowns.

Investing

From Peter Coffin: Navigating the Bond Market

By Peter Coffin

In this short video, hear from Breckinridge President Peter Coffin as he offers some perspective during this time of turmoil.

Municipal

Regarding State Bankruptcy

By Adam Stern

As reported by The Wall Street Journal on Wednesday, April 22, Senate Majority Leader Mitch McConnell (R-KY) hinted that, in exchange for more federal aid, he supports the idea of allowing states to file for bankruptcy protection.

Municipal

The Fed’s New Municipal Liquidity Facility: Modest Help or Market Game-Changer?

By Adam Stern

Learn what the recently announced MLF means for the muni market in the near and long-term. Co-head of research, Adam Stern, explains the program and potential credit implications.

ESG

COVID-19 Crisis, Corporate Bonds and ESG Implications

By Nicholas Elfner , Robert Fernandez

What does the COVID-19 pandemic mean for corporate bonds and ESG investing?

Investing

Comparing 2020 COVID-19 Market Turmoil to 2008

By Peter Coffin

Breckinridge President Peter Coffin shares thoughts on the turmoil affecting municipal and corporate bonds as the markets and the economy endure effects related to COVID-19.

Investing

From Peter Coffin – A Perspective on the Current Market

By Peter Coffin

Hear from our President, Peter Coffin, on the disorder in the current investment grade bond market.

Municipal

Considerations for the Municipal Bond Market and COVID-19

By Adam Stern

With community spread of the coronavirus more likely, we are monitoring the effects it may have on credit quality.

ESG

Fossil-Fuel-Free Investing: Process and Perspective

By Robert Fernandez

For a variety of reasons, corporate bond investors often wish to restrict investment in companies with fossil fuel reserves.

Investing

February 2020 Market Commentary

The municipal, corporate and securitized bond markets endured a difficult and volatile February. The effects were evident in many dimensions.

Investing

Gender Diversity – Creating positive, long-term change

By Laura Lake

Breckinridge Capital Advisors is partnering with Girls Who Invest (GWI), a non-profit organization dedicated to increasing the…

ESG

Gender Lens Investing Demands Continued Focus on Progress

By Abigail Ingalls

How investing in women creates value - for investors and for society.

Investing

A powerful conversation between our CIO and CEO of Girls Who Invest

Podcast recorded March 6, 2020

CIO Laura Lake and GWI's CEO Janet Cowell, discuss their paths in the industry and why this organization is important.

Municipal

Surge in Taxable Issuance Creates Opportunities in the Municipal Bond Market

By Matthew Buscone , Sara Chanda , Adam Stern

Taxable municipal bonds can play an important role in a portfolio if they are considered carefully within the context of the investor’s goals.

Municipal

Low Yields Elevate Value of M/T Ratios, Crossover Trades

By Benjamin Pease

Head of muni trading, Ben Pease, highlights how Breckinridge’s trading approach and capabilities help us face the supply and valuation challenges currently affecting muni market.

Investing

From the Desk - January Recap 2020

Podcast recorded February 10, 2020

In January, municipals saw similar trends to the end of 2019 and the IG corporate market had its eyes on the coronavirus outbreak.

Investing

January 2020 Market Commentary

January was a busy month in the bond markets as influences ranging including high investor demand, increased supply, falling yields, the Fed and the coronavirus had an effect.

Corporate

Monitoring the Coronavirus for Risks to Bond Strategies

By Nicholas Elfner

The Wuhan Coronavirus may present risks to corporate bond investment strategies. Breckinridge has been monitoring developments in order to assess risks to sectors and industry groups.

Investing

Lessons from the Repo Market

By Peter Coffin

In the wake of the turmoil in the repo market this fall, Peter Coffin discusses why that market was already vulnerable and how we can use that to evaluate other markets now and in the future.

ESG

Microgrid and Ownership: Unlocking Resilient, Sustainable Electricity Delivery

By Christopher Woodward

In the wake of California wildfires, some electric utilities are looking into using microgrids as a way to distribute uninterrupted service to customers.

ESG

Setting Rules of the Road for Sustainable Markets

By Robert Fernandez

New taxonomy by the EU Commission’s Technical Expert Group will help financial services providers to speak a common language for sustainable investment activities.

Securitized

Gaining New MBS Risk Insight with ESG Analysis

By Laura Lake , John Bastoni

Breckinridge has added a proprietary level of analysis to agency MBS that is bringing greater insight to environmental risks specific to these bonds.