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Insights

ESG

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

By Katie Sacharuk

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

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.

Municipal

College Towns Provide Economic Resilience

November 1, 2021

Colleges and universities play critical roles in their local economies.

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.

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.

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

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.

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

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.

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

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.