Insights

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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.

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.

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.

Corporate

Q1 2021 Corporate Bond Market Outlook

January 8, 2021 - Nicholas Elfner

“Déjà vu all over again.” Corporate bond investors might be feeling that way after 2020. Learn why in Nick Elfner’s review.

Corporate

Corporate Bond Market Outlook Q3 2020

October 6, 2020 - Nicholas Elfner

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

Corporate

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

September 14, 2020 - Joshua Stein

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

Corporate

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

September 14, 2020 - 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

July 8, 2020 - 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

June 24, 2020 - 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

May 20, 2020 - 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

April 16, 2020 - 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

April 9, 2020 - 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

April 7, 2020 - 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

March 27, 2020 - 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

February 4, 2020 - Nicholas Elfner

The 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

Q4 2019 Corporate Bond Market Outlook

January 10, 2020 - Nicholas Elfner

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

January 8, 2020 - 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

October 30, 2019 - 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

October 18, 2019 - 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

October 8, 2019 - Nicholas Elfner

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

July 12, 2019 - Nicholas Elfner

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

July 12, 2019 - 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

July 11, 2019 - 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?

June 28, 2019 - 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

April 12, 2019 - Robert Fernandez, Joshua Stein

SASB continues to make strides in establishing decision-useful, financially material and comparable sustainability metrics for corporations.