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Insights

Investing

May 2019 Market Commentary

In May, muni fund inflows continued at their record-setting pace and IG corporate spreads widened primarily due to uncertainties with trade negotiations.

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Investing

Podcast recorded by Matthew Buscone, Eric Haase, John Bastoni, Khurram Gillani

From the Desk - May Recap 2019

Securitized

Perspective by John Bastoni

What to Expect from the Launch of UMBS

Municipal

Perspective by Alriona Costigan, Jesse Starks

Why Muni Investors Should Care about Cybersecurity

ESG

Perspective by Christopher Woodward

Why Electric Bills Are Becoming Just as Complicated for the Utilities Themselves

ESG

Perspective by Robert Azrin, Ruth Ducret, Robert Fernandez, Andrew Teras

Municipal Engagement Yields Additional Insights

Securitized

Perspective by John Bastoni

The Case for Agency MBS in a Diversified Portfolio

ESG

ESG Newsletter by Robert Fernandez, Joshua Stein

In Pursuit of Sustainability Standards

ESG

ESG Newsletter by Cara Early, Robert Fernandez

Bringing Company SDG Efforts to Light

ESG

ESG Newsletter by Abigail Ingalls, Joshua Perez

From Latent to Blatant: ESG Risks Materializing into Credit Impacts

Corporate

Commentary by Nicholas Elfner

Corporate Bond Market Outlook Q1 2019

Municipal

Perspective by Matthew Buscone

Taking Stock of the Recent Rise in Municipal Demand

Investing

Perspective by Peter Coffin

Why Bonds Matter: Lessons from Behavioral Finance

Investing

Podcast recorded by Peter Coffin

Podcast - Why Bonds Matter: Lessons from Behavioral Finance

Municipal

Perspective by Adam Stern

2019 Municipal Bond Credit Outlook

Municipal

Perspective by Christina Lynch

Types of Muni Bonds 101

Investing

Perspective by Jeremy Jenkins

Duration 101

Municipal

Perspective by Peter Coffin

Managing Shifts in Municipal Relative Value

Municipal

Perspective by Peter Coffin

Proactive vs. Reactive: A Case Against Passive Ladders

Investing

Perspective by Peter Coffin

A Closer Examination of Passive Fixed Income Indexing

Investing

Commentary

April 2019 Market Commentary

Investing

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

From the Desk - April Recap 2019

ESG

ESG Newsletter

Q2 2019 Sustainability Newsletter

Investing

Commentary

March 2019 Market Commentary

Investing

Commentary

February 2019 Market Commentary

Investing

From the Desk - May Recap 2019

Podcast recorded June 10, 2019

This month our investment team discusses the recent drop in rates, proposed tax legislation in IL, corporate sector performance, the swap curve and more.

Securitized

What to Expect from the Launch of UMBS

By John Bastoni

Next month marks the launch of UMBS. Our securitized trader explains what this means and potential implications for the agency debt market.

Municipal

Why Muni Investors Should Care about Cybersecurity

By Alriona Costigan , Jesse Starks

On the heels of Baltimore’s recent cyberattack, Experts from our research and IT teams collaborate on a piece discussing cybersecurity for municipalities.

ESG

Why Electric Bills Are Becoming Just as Complicated for the Utilities Themselves

By Christopher Woodward

While clean energy is a growing priority for many states, some electric utility customers may not be willing to pay higher bills.

ESG

Municipal Engagement Yields Additional Insights

By Robert Azrin , Ruth Ducret , Robert Fernandez , Andrew Teras

In our latest perspective, we highlight various city sustainability initiatives and other key ESG themes from our 2018 engagement calls.

Securitized

The Case for Agency MBS in a Diversified Portfolio

By John Bastoni

We think some securitized products, such as agency MBS, are can help diversify portfolios and worth considering.

ESG

In Pursuit of Sustainability Standards

By Robert Fernandez , Joshua Stein

SASB continues to make strides in establishing decision-useful, financially material and comparable sustainability metrics for corporations.

ESG

Bringing Company SDG Efforts to Light

By Cara Early , Robert Fernandez

Challenges loom for companies seeking to report how their operations align with the SDGs.

ESG

From Latent to Blatant: ESG Risks Materializing into Credit Impacts

By Abigail Ingalls , Joshua Perez

Recent events for Vale S.A., General Electric and Kraft Heinz underscore the importance of evaluating ESG criteria to help mitigate risks.

Corporate

Corporate Bond Market Outlook Q1 2019

By Nicholas Elfner

Despite a mixed macroeconomic backdrop, the IG corporate market had a strong first quarter. Read more from Nick Elfner.

Municipal

Taking Stock of the Recent Rise in Municipal Demand

By Matthew Buscone

Co-Head of Portfolio Management Matt Buscone lays out the reasons municipal demand has soared and the recent impacts to muni valuation.

Investing

Why Bonds Matter: Lessons from Behavioral Finance

By Peter Coffin

Breckinridge President Peter Coffin shares his views on bonds in this new era of volatility.

Investing

Podcast - Why Bonds Matter: Lessons from Behavioral Finance

Podcast recorded February 4, 2019

Hear Peter provide key points from his latest blog post.

Municipal

2019 Municipal Bond Credit Outlook

By Adam Stern

The muni market enters 2019 on stable credit footing, but looming challenges reiterate the importance of careful credit selection.

Municipal

Types of Muni Bonds 101

By Christina Lynch

In this piece, we provide a "101" on the types of municipal bonds and give a credit perspective on the various parts of the market.

Investing

Duration 101

By Jeremy Jenkins

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

Municipal

Managing Shifts in Municipal Relative Value

By Peter Coffin

Over the past year in particular, there have been some significant changes in the relative yields of tax-exempt municipal bonds (“tax-exempts”) versus the yields of Treasuries and other taxable bonds.

Municipal

Proactive vs. Reactive: A Case Against Passive Ladders

By Peter Coffin

Some active municipal bond managers will often make big, speculative bets with credit quality, duration or interest rate risk, prompting increased transaction costs and tax inefficiencies.

Investing

A Closer Examination of Passive Fixed Income Indexing

By Peter Coffin

In this landscape for fixed income markets, risk avoidance reigns supreme.

Investing

April 2019 Market Commentary

Data releases and Fed announcements contributed to market performance this month.

Investing

From the Desk - April Recap 2019

Podcast recorded May 9, 2019

This month our investment team discusses state revenue bounce backs, extreme ratios, corporate market performance and more.

ESG

Q2 2019 Sustainability Newsletter

This quarter, our newsletter highlights how ESG risks can impact short- and long-term performance; the challenges facing companies who want to map to the SDGs; and an update on SASB reporting standards.

Investing

March 2019 Market Commentary

In March, performance in risk assets remained mixed, with IG fixed income performing well.

Investing

February 2019 Market Commentary

Investment grade corporates continued their strong performance in February. Find out what trends are driving IG fixed income in our latest commentary.