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Insights

Perspectives

Municipal

It May Be Time To Activate Your Muni Bond Portfolio

By Matthew Buscone

As economic conditions shift and monetary policies change, we are seeing more divergence amongst issuers and potential opportunities to add value through credit selection.

Educational

Financial Glossary

July 25, 2024

A glossary of common terms in the bond markets and there definitions.

Equities

High Quality Dividend Equity Strategy Targets Income and Growth Potential with Defensive Characteristics in Changing Markets

April 10, 2024 - Joshua Perez, Bryan Poston

We believe that the end of the era of easy money policies marked an inflection point and a recent policy reset may fuel a more favorable environment for dividend-paying equities in 2024 and beyond.

Municipal

Market Technicals Affect Municipal Bond Prices (Looking Beyond M/T Ratios and Relative Value)

March 21, 2024 - Adam Stern, Jeremy Jenkins, Maggie Fitzpatrick

Prudent bond investors can employ investment and trading strategies to mitigate the impact of shifting market technicals.

Municipal

2024 Municipal Market Outlook

January 11, 2024 - Adam Stern

Stable credit, Supportive technicals, low ratios and spreads shape municipal market entering 2024, but risks should not be overlooked

Investing

Changing Landscape in Bond Investing

November 27, 2023 - Ognjen Sosa

With the era of easy money fading in the rear view mirror and a Fed tightening cycle coming to an end, a favorable rate environment is improving investor sentiment towards fixed income.

ESG

Giving and Investing Trends Converge for More Powerful Philanthropy

September 21, 2023 - Ariana Polk

Donor-advised funds (DAFs) and environmental, social and governance (ESG) investment strategies are converging for greater philanthropic impact.

ESG

There's Nothing Passive About Net Zero in Fixed Income

September 1, 2023 - Joshua Perez

Our analytical and actively managed approach to a net zero mandate, in our view, combines three key elements that are essential to reaching net zero goals.

Investing

Duration 101

September 1, 2023 - Jeremy Jenkins

Duration is one of the most important concepts for bondholders to understand as they review the performance of their fixed income investments.

Investing

Tax Loss Harvesting in Fixed Income Portfolios

July 7, 2023 - Eric Haase, Jeremy Jenkins

Separately managed accounts can offer the advantage of greater control of your tax liabilities through strategies such as tax-loss harvesting and tax-loss swapping.

Municipal

Taking the Measure of Bond Ladders

June 13, 2023

Breckinridge believes a less rigid approach can pursue objectives similar to ladder strategies while providing flexibility to opportunistically take advantage of changing market conditions.

Municipal

Considering the Municipal Bond Market Implications of ETF Asset Growth

May 10, 2023 - Jeremy Jenkins

As ETF assets grow, municipal bond investors may want to consider the implications for certain segments of the municipal market.

Equities

The Value of Utilizing Credit Research in Identifying Stable and Growing Dividend Payers

March 29, 2023 - Joshua Perez

Research shows that dividend payers that issue high-quality public corporate IG U.S. debt tend to pay stable and growing dividends

Educational

Lighting a Pathway for African American Candidates into Asset Management

February 14, 2023 - Dominica Ribeiro, Nicholas Elfner

UNCF’s Lighted Pathways program is increasing the number of African American persons in asset management and developing pipelines of talent coming from HBCUs to Boston.

Investing

Why IG Bonds Now?

January 19, 2023 - Jeffrey Glenn, James Spidle

Fundamental strength, current high yields, underpin our cautiously optimistic outlook for corporate and securitized bond markets in 2023.

Municipal

How to Invest In-State vs Out-of-State in Municipal Bonds

January 13, 2023 - Jeremy Jenkins

An appropriate mix of in-state and out-of-state bonds in a municipal bond portfolio can be determined through careful consideration of tax rates and bond supply, among other factors.

Municipal

Making the Case for Municipal Bonds in Today’s Market Environment

November 28, 2022 - Jeremy Jenkins

In our latest perspective we review past performance of municipal bonds and also consider the environment for municipal bond investing as we move forward from 2022.

Investing

Separate Accounts Align With Our Client-Centric Values

November 22, 2022

Breckinridge delivers investment solutions through separate accounts because this approach aligns with the first of our Core Values: We put clients first.

Municipal

Follow the Wind

November 15, 2022 - David Stenhouse

Since the first quarter of 2022 muni bond yields have increased significantly, spreads have widened, and tax-equivalent yields have become more attractive at higher all-in rates.

Investing

Premium Bonds 101

November 2, 2022 - Matthew Buscone

Premium bonds and the math behind them continue to furrow the brows of many municipal investors.

Investing

A Rapid Rise in Yields is Changing the Fixed Income Conversation

October 28, 2022 - Ognjen Sosa, Christina Lynch

Investors are dealing with changing prospects for the economy and investment markets entering the last quarter of 2022.

Investing

Master Class: Bond Yields

October 3, 2022 - Jeremy Jenkins

Fixed-income market participants often quote the term “yield,” but the word’s context could be misunderstood because various types of yield exist and each is calculated differently.

Municipal

Is it time to go back to school on K-12 public school credit fundamentals?

September 28, 2022 - Adam Stern

Probably not. But decreasing enrollment and an uptick in school choice are trends worth monitoring.

ESG

Harnessing Choice in Fixed Income Investing

July 20, 2022

In the same way that some equity investors object to owning or profiting from companies deemed at odds with their moral compass, a growing number of bond investors want to tie their capital to issuers that share their values.

ESG

Fossil-Fuel-Free Investing: Process and Perspective

April 11, 2022 - Robert Fernandez

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