Insights

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Insights

Municipal

Considering the Municipal Bond Market Implications of ETF Asset Growth

By Jeremy Jenkins

As ETF assets grow, municipal bond investors may want to consider the implications for certain segments of the municipal market.

Investing

April 2023 Market Commentary

May 9, 2023

U.S. Treasury yields fell beyond one-year, muni yields increased, and corporate and securitized bonds earned positive total returns.

Corporate

Q2 2023 Corporate Bond Market Outlook

April 5, 2023 - Nicholas Elfner

Banking sector concerns that emerged late in the quarter overwhelmed expectations shaped earlier in quarter and could reshape monetary policy and efforts to reduce inflation.

ESG

CFA Institute ESG Standards Address Investment Product Disclosure Practices

April 3, 2023 - Robert Fernandez

The institute’s standards are intended to address a broad range of ESG practices and approaches.

ESG

Investors’ Scrutiny of Water Risks Should Not Dry Up

April 3, 2023 - Erika Smull

Drought, water supply shortages, and regulatory risks bear monitoring.

Investing

The Value of Utilizing Credit Research in Identifying Stable and Growing Dividend Payers

March 29, 2023 - Joshua Perez

Research shows that dividend payers that issue high-quality public corporate IG U.S. debt tend to pay stable and growing dividends

Educational

Lighting a Pathway for African American Candidates into Asset Management

February 14, 2023 - Dominica Ribeiro, Nicholas Elfner

UNCF’s Lighted Pathways program is increasing the number of African American persons in asset management and developing pipelines of talent coming from HBCUs to Boston.

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.

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.

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.

Investing

March 2023 Market Commentary

April 12, 2023

Concerns arose about the U.S. Banking sector, following government take-over of two regional banks. The events sparked a flight to quality that benefited highly rated corporate and muni bonds.

Investing

February 2023 Market Commentary

March 8, 2023

Treasury bond yields increased, and equity returns declined as risk sentiment weakened in February, as economic data suggested the Fed’s rate hikes to control inflation will continue.

Municipal

Taking the Measure of Bond Ladders

February 24, 2023 - Christopher Day

Breckinridge believes a less rigid approach can pursue objectives similar to ladder strategies while providing flexibility to opportunistically take advantage of changing market conditions.

Investing

January 2023 Market Commentary

February 6, 2023

January brought renewed investor enthusiasm for risk assets. Municipal and corporate bonds delivered returns.

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.

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.

Municipal

Follow the Wind

November 15, 2022 - 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

October 2022 Market Commentary

November 9, 2022

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

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.

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.