Insights

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Corporate

Commentary by Nicholas Elfner

Corporate Bond Market Outlook Q3 2020

Corporate

ESG Newsletter by Joshua Stein

Could pandemic-related trends shift the fossil-fuel paradigm?

Corporate

ESG Newsletter by Nicholas Elfner

Engagements Affirm Largest U.S. Banks’ Climate-Transition Plans

Corporate

Commentary by Nicholas Elfner

Corporate Bond Market Outlook Q2 2020

Corporate

ESG Newsletter by Nicholas Elfner, Robert Fernandez, Michael Bonanno

The COVID-19 Crisis and Its impact on Social Issues for Corporations and U.S. Cities

Corporate

Perspective by Nicholas Elfner

COVID-19 and Corporate Default Rates in Recessions and Depressions Past

Corporate

Perspective by Robert Fernandez

Fossil-Fuel-Free Investing: Process and Perspective

Corporate

Commentary by Nicholas Elfner

Corporate Bond Market Outlook Q1 2020

Corporate

Perspective by Nicholas Elfner, Robert Fernandez

COVID-19 Crisis, Corporate Bonds and ESG Implications

Corporate

ESG Newsletter by Joshua Perez, Joshua Stein

Climate Risk: Not Just for the Energy Sector

Corporate

Perspective by Nicholas Elfner

Monitoring the Coronavirus for Risks to Bond Strategies

Corporate

Perspective by Nicholas Elfner, Adam Stern

2020 Election Quick Take

Corporate

Podcast recorded by Laura Lake, Nicholas Elfner

Q4 2019 Corporate Bond Market Outlook

Corporate

Commentary by Nicholas Elfner

Corporate Bond Market Outlook Q4 2019

Corporate

ESG Newsletter by Joshua Stein

Carbon Transition Risk Engagements Reveal Global Disparities

Corporate

Commentary by Nicholas Elfner

Corporate Bond Market Outlook Q3 2019

Corporate

Podcast recorded by Laura Lake, Nicholas Elfner

Q3 2019 Corporate Bond Market Outlook

Corporate

Podcast recorded by Laura Lake, Nicholas Elfner

Q2 2019 Corporate Bond Market Outlook

Corporate

Commentary by Nicholas Elfner

Corporate Bond Market Outlook Q2 2019

Corporate

ESG Newsletter by Robert Fernandez

Beyond the Business Case: Recognizing Investor Interest in Sustainability

Corporate

Perspective by Brian Garcia

Tech Spends Big on Stock Buybacks, but What Gives for Bondholders?

Corporate

ESG Newsletter by Robert Fernandez, Joshua Stein

In Pursuit of Sustainability Standards

Corporate

ESG Newsletter by Abigail Ingalls, Joshua Perez

From Latent to Blatant: ESG Risks Materializing into Credit Impacts

Corporate

Perspective by Nicholas Elfner

Five Key Themes in the Investment Grade Corporate Market

Corporate

Perspective by Nicholas Elfner

Risks and Opportunities in Today’s Corporate Bond Market

Corporate

Corporate Bond Market Outlook Q3 2020

By Nicholas Elfner

During the third quarter, corporate bond issuance surged on low interest rates.

Corporate

Could pandemic-related trends shift the fossil-fuel paradigm?

By Joshua Stein

Beyond 2021, the outlook for oil demand remains highly uncertain.

Corporate

Engagements Affirm Largest U.S. Banks’ Climate-Transition Plans

By Nicholas Elfner

Engagement discussions this year with U.S. banks have revealed a sustained commitment to climate risk management.

Corporate

Corporate Bond Market Outlook Q2 2020

By Nicholas Elfner

While corporate profits and balance sheets remain at risk, the Fed’s direct intervention in the corporate bond market across much of the credit quality spectrum should support the market.

Corporate

The COVID-19 Crisis and Its impact on Social Issues for Corporations and U.S. Cities

By Nicholas Elfner , Robert Fernandez , Michael Bonanno

The COVID-19 crisis had a swift and severe impact around the world. We find significant impact in two corporate social issues and two key social issues for U.S. cities.

Corporate

COVID-19 and Corporate Default Rates in Recessions and Depressions Past

By Nicholas Elfner

COVID-19 shutdowns could cause corporate bond defaults. Nick Elfner discusses the resilience of investment grade bond issuers historically.

Corporate

Fossil-Fuel-Free Investing: Process and Perspective

By Robert Fernandez

For a variety of reasons, corporate bond investors often wish to restrict investment in companies with fossil fuel reserves.

Corporate

Corporate Bond Market Outlook Q1 2020

By Nicholas Elfner

A reasonable expectation was for IG corporates to generate modestly positive total and excess returns in 2020. Reasonable expectations were redefined by the social and economic retreats that COVID-19 forced on worldwide markets.

Corporate

COVID-19 Crisis, Corporate Bonds and ESG Implications

By Nicholas Elfner , Robert Fernandez

What does the COVID-19 pandemic mean for corporate bonds and ESG investing?

Corporate

Climate Risk: Not Just for the Energy Sector

By Joshua Perez , Joshua Stein

Like many ESG factors, the relevancy of climate risk to any specific sector or industry may vary.

Corporate

Monitoring the Coronavirus for Risks to Bond Strategies

By Nicholas Elfner

The Wuhan Coronavirus may present risks to corporate bond investment strategies. Breckinridge has been monitoring developments in order to assess risks to sectors and industry groups.

Corporate

2020 Election Quick Take

By Nicholas Elfner , Adam Stern

As we kick-off an election year, Adam Stern and Nick Elfner review the four possible outcomes we currently see for the 2020 election and the potential influences on the muni and corporate bond markets.

Corporate

Q4 2019 Corporate Bond Market Outlook

Podcast recorded January 10, 2020

In our Q4 podcast, our CIO and co-head of research review the year in the IG corporate bond market and discuss the outlook for 2020.

Corporate

Corporate Bond Market Outlook Q4 2019

By Nicholas Elfner

Our latest Corporate Bond Market Outlook reviews 2019 and provides our perspective on the IG market for 2020.

Corporate

Carbon Transition Risk Engagements Reveal Global Disparities

By Joshua Stein

Carbon transition risk is an important factor when analyzing oil and gas companies. Our analyst discusses his key takeaways from engagement discussions with companies in this sector.

Corporate

Corporate Bond Market Outlook Q3 2019

By Nicholas Elfner

It was a volatile month in the IG corporate bond market. Technicals remain strong but economic growth and corporate profits may face some headwinds.

Corporate

Q3 2019 Corporate Bond Market Outlook

Podcast recorded October 8, 2019

Key themes for the IG corporate market in Q3 include tighter valuations, moderating debt leverage and a surge of new issuance.

Corporate

Q2 2019 Corporate Bond Market Outlook

Podcast recorded July 12, 2019

Key themes in the corporate market for Q2 include volatility for IG corporate bonds, earnings and higher demand.

Corporate

Corporate Bond Market Outlook Q2 2019

By Nicholas Elfner

Corporate spreads narrowed and quality spreads compressed on a dovish Fed and strong equity markets.

Corporate

Beyond the Business Case: Recognizing Investor Interest in Sustainability

By Robert Fernandez

Despite some shortfalls in acknowledging the intensifying appeal of ESG investing, companies are making progress in two important ways.

Corporate

Tech Spends Big on Stock Buybacks, but What Gives for Bondholders?

By Brian Garcia

Hear from corporate analyst, Brian Garcia, on what declining debt issuance and stock buybacks in the Tech sector may mean for bond holders.

Corporate

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.

Corporate

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

Five Key Themes in the Investment Grade Corporate Market

By Nicholas Elfner

On the heels of the Fed meeting on Wednesday, we outline five trends that are currently top of mind in the corporate market.

Corporate

Risks and Opportunities in Today’s Corporate Bond Market

By Nicholas Elfner

With corporate debt ruling the headlines, Nick Elfner gives his thoughts on corporate leverage, ratings downgrades, and risks and opportunities in the investment grade corporate space.