Insights

The content on this website is intended for investment professionals and institutional asset owners. Individual retail investors should consult with their financial advisers before using any of the content contained on this website. Breckinridge uses cookies to improve user experience. By using our website, you consent to our cookies in accordance with our cookie policy. By clicking “I Agree” and accessing this website, you represent and warrant that you are agreeing to the above statements. In addition, you have read, understood and agree to the terms and conditions of this website.

Read Terms and Conditions

Home

Insights

SEARCH OUR INSIGHTS

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

Podcast recorded by Nicholas Elfner, Laura Lake

Q1 2019 Corporate Bond Market Outlook

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

Commentary by Nicholas Elfner

Corporate Bond Market Outlook Q1 2019

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

Perspective by Nicholas Elfner

Revisiting Bank Credit After the Dodd-Frank Rollback

Corporate

Perspective by Abigail Ingalls

Why IG Food Companies Have a Big Appetite for M&A

Corporate

Perspective by Nicholas Elfner

Five Pivotal Themes in the Corporate Bond Market

Corporate

Perspective by Robert Fernandez

Fossil-Fuel-Free Investing: Process and Perspective

Corporate

Perspective by Abigail Ingalls

Retail Bonds: What to Know Before Hitting the Investor Checkout Line

Corporate

Perspective by Joshua Stein

How Airlines Are Avoiding (Credit) Turbulence

Corporate

Perspective by Nicholas Elfner

Navigating Risks Across Bank Capital Structures

Corporate

Perspective by Brian Garcia

Can You Hear M&A Now?

Corporate

Perspective by Joshua Stein

Insurers’ Important Role in Curbing Rising Health Care Costs

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

Q1 2019 Corporate Bond Market Outlook

Podcast recorded April 12, 2019

Hear our investment professionals discuss the key themes for Q1 in the IG corporate bond market.

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

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.

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.

Corporate

Revisiting Bank Credit After the Dodd-Frank Rollback

By Nicholas Elfner

Much has been written about the potential impact of a Dodd-Frank rollback on bank credit fundamentals. Nick Elfner unpacks the positives and negatives of the rollback and gives our perspective.

Corporate

Why IG Food Companies Have a Big Appetite for M&A

By Abigail Ingalls

Shifting consumer preferences are significant factors in the recent spike of M&A in the food industry.

Corporate

Five Pivotal Themes in the Corporate Bond Market

By Nicholas Elfner

Following an impressive performance in 2017, investment grade (IG) corporate bond spreads have decreased to near pre-crisis lows.

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

Retail Bonds: What to Know Before Hitting the Investor Checkout Line

By Abigail Ingalls

The growth of e-commerce sales is one of the biggest challenges facing apparel/textile/home improvement retail credits.

Corporate

How Airlines Are Avoiding (Credit) Turbulence

By Joshua Stein

What the industry’s improvement may illustrate about economically sensitive credits.

Corporate

Navigating Risks Across Bank Capital Structures

By Nicholas Elfner

On June 7, Banco Santander SA announced its acquisition of Banco Popular Español for €1 following a deterioration in Popular’s liquidity position and concerns about Popular’s ability to raise further capital.

Corporate

Can You Hear M&A Now?

By Brian Garcia

The March Consumer Price Index report highlighted a curious culprit for soft price data in the U.S.: wireless telephone pricing.

Corporate

Insurers’ Important Role in Curbing Rising Health Care Costs

By Joshua Stein

In our view, health insurers are uniquely positioned to drive down health care costs.