| Insights

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Insights

Investing

December 2021 Market Commentary

The Fed turned hawkish in December and bond investors factored the change in tenor into investment decision.

Corporate

Q1 2022 Corporate Bond Market Outlook

January 12, 2022 - Nicholas Elfner

By the end of the fourth quarter, inflation, interest rates, and fiscal and monetary policy held implications for corporate IG bonds.

ESG

PFAS—Forever Chemicals: Implications for Municipal and Corporate Bond Market Participants

January 7, 2022 - Andrew Teras, Joshua Perez

Much like the science and health implications that surround them, municipal bond issuers and investors are still developing their perspectives on risks associated with PFAS.

Municipal

2022 Municipal Bond Market Outlook

January 3, 2022 - Adam Stern

The muni bond market enters 2022 with strong credit and supportive technical conditions but investors should be alert to a number of challenges as the year progresses.

ESG

Updated Global ESG Reporting Standards Move Toward More Consistency

January 3, 2022 - Robert Fernandez

Issuers of securities, investors, consumers, and regulators have expressed the need for more consistent environmental, social, and governance (ESG) reporting rules.

ESG

COP26 Marks Progress and Highlights More Work Ahead on Climate Change

January 3, 2022 - Ognjen Sosa

While world leaders struggled to agree on coordinated global efforts to control and measure the effects of climate change, actions were agreed to by almost 200 countries that attested to continued progress.

ESG

Regulatory and Legislative Reporting Initiatives Target Better ESG Disclosure

January 3, 2022 - Robert Fernandez, Nicholas Elfner, Abigail Ingalls, Joshua Perez, Brian Garcia, Joshua Stein, Evan Lassow

Regulations related to enhanced ESG disclosure are being discussed and examined in the U.S. as well as the European Union.

ESG

USCCB Updates Investing Guidelines to Address ESG Principles, Fossil Fuels, and Engagement

December 6, 2021

The USCCB approved updated guidelines governing financial investment that, for the first time, integrate explicit ESG principles, including fossil fuels.

ESG

College, University E&Fs Incorporate ESG Approaches in Response to Stakeholders

November 8, 2021 - Katie Sacharuk

Recent events suggest an evolution in fiduciary considerations to include additional financial and non-financial risks and rewards.

Municipal

College Towns Provide Economic Resilience

November 1, 2021

Colleges and universities play critical roles in their local economies.

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.

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.

Investing

November 2021 Market Commentary

December 8, 2021

Bonds rallied on market uncertainty as concerns over Omicron and inflation increased.

ESG

U.S. Catholic Bishops Reviewing Investing Guidelines, Asset Managers Paying Attention

November 8, 2021

News that the USCCB is reviewing its sustainable investing guidelines is prompting speculation that revisions may include additional context for ESG investing.

Investing

October 2021 Market Commentary

November 5, 2021

Our monthly market commentary reviews market actions as investors mulled higher inflation, Federal Reserve policy changes, and a disappointing gross domestic product reading for the third quarter.

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.

Corporate

Q4 2021 Corporate Bond Market Outlook

October 13, 2021 - 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

August 2021 Market Commentary

September 8, 2021

As bond markets prepared to move past summer’s seasonal influences, investors focused on key economic and monetary policy trends in August.

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

July 2021 Market Commentary

August 6, 2021

In July, the persistency of low rates and strong supply were overriding factors as bond investors looked ahead to the second half of the year.

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.

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.