Insights

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Insights

ESG

Breckinridge Marks One Year as Signatory To Net Zero Asset Managers Initiative

January 24, 2023 - Robert Fernandez, Timothy Coffin

In the year since signing NZAM, Breckinridge has marked progress on the development of a bottom-up corporate issuer and alignment assessment and an engagement program to support NZAM commitments.

Investing

Why IG Bonds Now?

January 19, 2023 - Jeffrey Glenn, James Spidle

Fundamental strength, current high yields, underpin our cautiously optimistic outlook for corporate and securitized bond markets in 2023.

Municipal

How to Invest In-State vs Out-of-State in Municipal Bonds

January 13, 2023 - Jeremy Jenkins

An appropriate mix of in-state and out-of-state bonds in a municipal bond portfolio can be determined through careful consideration of tax rates and bond supply, among other factors.

Investing

December 2022 Market Commentary

January 11, 2023

December wrapped up a volatile 2022 for fixed income investors. Read our monthly market commentary for perspectives on a challenging year for the bond markets.

Municipal

2023 Municipal Market Outlook

January 11, 2023 - Adam Stern

The municipal market enters 2023 with strong, but ebbing, credit fundamentals and with a supportive technical backdrop.

Corporate

Q1 2023 Corporate Bond Market Outlook

January 11, 2023 - Nicholas Elfner

IG corporate bonds, as measured by the Bloomberg U.S. Corporate IG Index, delivered positive total and excess returns in Q4.

Municipal

Making the Case for Municipal Bonds in Today’s Market Environment

November 28, 2022 - Jeremy Jenkins

In our latest perspective we review past performance of municipal bonds and also consider the environment for municipal bond investing as we move forward from 2022.

Municipal

Follow the Wind

November 15, 2022 - Benjamin Pease, David Stenhouse

Since the first quarter of 2022 muni bond yields have increased significantly, spreads have widened, and tax-equivalent yields have become more attractive at higher all-in rates.

Investing

A Rapid Rise in Yields is Changing the Fixed Income Conversation

October 28, 2022 - Ognjen Sosa, Christopher Day, Christina Lynch

Investors are dealing with changing prospects for the economy and investment markets entering the last quarter of 2022.

ESG

There's Nothing Passive About Net Zero in Fixed Income

September 19, 2022 - Joshua Perez

Our analytical and actively managed approach to a net zero mandate, in our view, combines three key elements that are essential to reaching net zero goals.

ESG

Breckinridge Enhances Client Reporting for Sustainable Muni Bond Portfolios

July 1, 2022

The new reports should improve transparency and clarity about holdings for investors with regard to certain material ESG factors.

ESG

SEC Proposes Climate-Related Reporting Requirements

July 1, 2022 - Robert Fernandez

Breckinridge, in a comment letter to the SEC, highlighted key priority areas in the proposed rule that it supports.

ESG

Updated Local Government Research Framework Marks Latest Advancement of ESG Analysis in the Sector

July 1, 2022 - Andrew Teras, Michael Bonanno

Breckinridge’s updated sustainability framework for local municipalities enhances our analysts’ ability to evaluate ESG factors for municipal bond issuers.

Investing

The Case for Active Management

May 3, 2022

When the missed opportunities and transactional costs of passive management are taken into account, we believe that professional active management offers significant advantages over passive.

Investing

Breckinridge Aligns Investments, Operations with Women’s Empowerment Principles

March 4, 2022 - Dominica Ribeiro, Ognjen Sosa

As a WEP signatory, Breckinridge formally signed a CEO statement of support that demonstrates commitment to advancing gender equity and women’s empowerment in the workplace, marketplace, and community.

Investing

November 2022 Market Commentary

December 8, 2022

Treasury, municipal, and corporate bonds delivered some of their strongest monthly performances in November.

Investing

Separate Accounts Align With Our Client-Centric Values

November 22, 2022 - Christopher Day

Breckinridge delivers investment solutions through separate accounts because this approach aligns with the first of our Core Values: We put clients first.

Investing

October 2022 Market Commentary

November 9, 2022

With the Fed not scheduled to meet in October, markets were volatile once again.

Investing

September 2022 Market Commentary

October 13, 2022

With the Fed focused on fighting inflation through fed funds rate increases and selling bonds on its balance sheet, volatility returned to investment markets in September.

Corporate

Q4 2022 Corporate Bond Market Outlook

October 11, 2022 - Nicholas Elfner

In the U.S., rising interest rates, prices, and wages in an exceedingly tight labor market framed behavior of the investment markets and corporate bond issuers during 3Q.

Investing

Master Class: Bond Yields

October 3, 2022 - Jeremy Jenkins

Fixed-income market participants often quote the term “yield,” but the word’s context could be misunderstood because various types of yield exist and each is calculated differently.

Municipal

Is it time to go back to school on K-12 public school credit fundamentals?

September 28, 2022 - Adam Stern

Probably not. But decreasing enrollment and an uptick in school choice are trends worth monitoring.

ESG

Climate-Smart Budgeting Can Help Municipalities Finance Near- and Long-Term Climate Resilience

September 19, 2022 - Ruth Ducret

Breckinridge sees alignment between Dr. Whittington’s work on climate-smart capital planning and its own analysis of the risks that municipalities face from a changing climate and mitigation.

Investing

August 2022 Market Commentary

September 12, 2022

The Fed hardened its public stance on fighting inflation and volatility returned to investment markets in August.

Investing

July 2022 Market Commentary

August 8, 2022

Despite negative economic data, investors were rewarded by the equity and bond markets in July.