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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
November 2022 Market Commentary
December 8, 2022
Treasury, municipal, and corporate bonds delivered some of their strongest monthly performances in November.
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.
October 2022 Market Commentary
November 9, 2022
With the Fed not scheduled to meet in October, markets were volatile once again.
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.
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.
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.
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.
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.
August 2022 Market Commentary
September 12, 2022
The Fed hardened its public stance on fighting inflation and volatility returned to investment markets in August.