August 2022 Market Commentary
September 12, 2022
The Fed hardened its public stance on fighting inflation and volatility returned to investment markets in August.
July 2022 Market Commentary
August 8, 2022
Despite negative economic data, investors were rewarded by the equity and bond markets in July.
June 2022 Market Commentary
July 13, 2022
Fed interest rate action and a stated resolve to bring the rate of inflation under control even at the risk of recession launched another round of market volatility in June.
Q3 2022 Corporate Bond Market Outlook
July 11, 2022 - Nicholas Elfner
Investment markets reacted to interest rate increases and sustained inflation in the first half of 2022. The implications for corporate IG bonds in 2022 are explored in our Q3 Outlook.
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.
March 2022 Market Commentary
April 11, 2022
As inflationary pressures persisted and the Federal Reserve responded in March, investor uncertainty and market volatility increased.
Q2 2022 Corporate Bond Market Outlook
April 8, 2022 - Nicholas Elfner
Uncertainty plagued investment markets in the first quarter of 2022 and the implications for corporate IG bonds in 2022 are explored in our Corporate Bond Market Outlook.
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 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.
Q1 2022 Corporate Bond Market Outlook
January 12, 2022 - Nicholas Elfner
By the end of the fourth quarter, inflation, interest rates, and fiscal and monetary policy held implications for corporate IG bonds.
November 2021 Market Commentary
December 8, 2021
Bonds rallied on market uncertainty as concerns over Omicron and inflation increased.
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.
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.
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.
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.
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.
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.
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.
March 2021 Market Commentary
April 7, 2021
March was characterized by investors looking ahead and looking past risk, in many cases.
February 2021 Market Commentary
March 4, 2021
Bond investors welcomed higher yields and a steepening yield curve during February.
January 2021 Market Commentary
February 3, 2021
In January, strong demand and limited supply dominated the bond markets. Read our monthly market summary for details.