May 2022 Market Commentary
June 8, 2022
In a volatile month for bond markets, total returns turned positive after a difficult first four months of the year.
April 2022 Market Commentary
May 9, 2022
Global uncertainty over inflation, the Russia/Ukraine invasion, and COVID-induced supply chain concerns led to market volatility and losses.
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.
March 2022 Market Commentary
April 11, 2022
As inflationary pressures persisted and the Federal Reserve responded in March, investor uncertainty and market volatility increased.
Sustainable Bond Issuance Is Growing Across Bond Market Segments
April 1, 2022 - John Bastoni, Matt Corn, Ruth Ducret, Nicholas Elfner, Will Queen
Even in a year of subdued bond issuance, managers are finding opportunities in the sustainable bond markets, thanks to investor appetite for bonds with sustainable labels.
Tailwinds to headwinds: Navigating a shifting landscape in municipal bonds
March 25, 2022 - Benjamin Pease, David Stenhouse
Strong tailwinds of easy monetary policy, abundant fiscal stimulus, and low inflation drove the municipal bond market’s required spread for credit risk tighter over the past decade.
Discussion summary: IG fixed income in uncertain times
March 16, 2022 - Peter Coffin, Ognjen Sosa
In a recent Q&A, Breckinridge President Peter Coffin and CIO Oggie Sosa discuss the role of IG fixed income strategies in investors’ overall asset-mix during uncertain times.
February 2022 Market Commentary
March 9, 2022
Uncertainty and volatility ratcheted higher in February on expectations for a federal funds rate increase and Russia’s invasion of Ukraine.
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.
Breckinridge Market Monitor – February 2022
February 22, 2022
Increasing yields at the front end of the municipal curve during the first six weeks of 2022 may present a more attractive entry point for fixed income investors who were hesitant to invest during 2021.
January 2022 Market Commentary
February 7, 2022
During January, the Federal Reserve’s increasingly hawkish outlook prompted volatile markets for equities and bond investors.
December 2021 Market Commentary
January 13, 2022
The Fed turned hawkish in December and bond investors factored the change in tenor into investment decision.
November 2021 Market Commentary
December 8, 2021
Bonds rallied on market uncertainty as concerns over Omicron and inflation increased.
U.S. Catholic Bishops Reviewing Investing Guidelines, Asset Managers Paying Attention
November 8, 2021
News that the USCCB is reviewing its sustainable investing guidelines is prompting speculation that revisions may include additional context for ESG investing.
October 2021 Market Commentary
November 5, 2021
Our monthly market commentary reviews market actions as investors mulled higher inflation, Federal Reserve policy changes, and a disappointing gross domestic product reading for the third quarter.
November 1, 2021
A glossary of common terms in the bond markets and there definitions.
September 2021 Market Commentary
October 13, 2021
With sustained high demand for bonds in an environment of lower new supply, yields, and M/T ratios, we remained patient entering September.
August 2021 Market Commentary
September 8, 2021
As bond markets prepared to move past summer’s seasonal influences, investors focused on key economic and monetary policy trends in August.
August 9, 2021 - Jeremy Jenkins
Duration is one of the most important concepts for bondholders to understand as they review the performance of their fixed income investments.
July 2021 Market Commentary
August 6, 2021
In July, the persistency of low rates and strong supply were overriding factors as bond investors looked ahead to the second half of the year.
June 2021 Market Commentary
July 13, 2021
Credit fundamentals were a positive for the municipal and corporate bond markets in June.
May 2021 Market Commentary
June 4, 2021
In May, counterbalancing issues left investors uncertain, seemingly leaving markets in a wait-and-see mode.
When to Bench the Municipal Bond Benchmark
May 21, 2021 - Christopher Day
Investors in municipal bond strategies should exercise caution when using indices to set portfolio structure or performance targets.
April 2021 Market Commentary
May 5, 2021
In April, Treasury and municipal yields moved lower even as market trends and economic data were positive.