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Insights

Perspectives

Securitized

Forbearance Means New Factors for Today’s MBS Market

By John Bastoni

Payment forbearance to mortgage borrowers could have implications for the MBS market and complicate conditions for mortgage servicers.

SEARCH OUR INSIGHTS

ESG

Perspective by Peter Coffin

Prejudice in America and Improving Ourselves

Investing

Perspective

Summary: Fiscal Stimulus and Monetary Policy Responses to COVID-19

Corporate

Perspective by Nicholas Elfner

COVID-19 and Corporate Default Rates in Recessions and Depressions Past

Municipal

Perspective by Laura Lake, Adam Stern

Webinar: Muni Credit Resiliency

Municipal

Perspective by Adam Stern

COVID-19 and Muni Credit: Essential service municipals are more resilient than appreciated

Investing

Perspective by Peter Coffin

From Peter Coffin: Navigating the Bond Market

Municipal

Perspective by Adam Stern

Regarding State Bankruptcy

ESG

Perspective by Timothy Coffin

The Trend (In ESG) Is Your Friend

ESG

Perspective by Robert Fernandez

Fossil-Fuel-Free Investing: Process and Perspective

Municipal

Perspective by Adam Stern

The Fed’s New Municipal Liquidity Facility: Modest Help or Market Game-Changer?

ESG

Perspective by Nicholas Elfner, Robert Fernandez

COVID-19 Crisis, Corporate Bonds and ESG Implications

Investing

Perspective by Peter Coffin

Comparing 2020 COVID-19 Market Turmoil to 2008

Investing

Perspective by Peter Coffin

From Peter Coffin – A Perspective on the Current Market

Investing

Perspective by Laura Lake

Gender Diversity – Creating positive, long-term change

Municipal

Perspective by Adam Stern

Considerations for the Municipal Bond Market and COVID-19

Municipal

Perspective by Matthew Buscone, Sara Chanda, Adam Stern

Surge in Taxable Issuance Creates Opportunities in the Municipal Bond Market

Municipal

Perspective by Benjamin Pease

Low Yields Elevate Value of M/T Ratios, Crossover Trades

Corporate

Perspective by Nicholas Elfner

Monitoring the Coronavirus for Risks to Bond Strategies

Investing

Perspective by Peter Coffin

Lessons from the Repo Market

Securitized

Perspective by Laura Lake, John Bastoni

Gaining New MBS Risk Insight with ESG Analysis

Municipal

Perspective by Adam Stern

2020 Municipal Credit Outlook

Investing

Perspective by Nicholas Elfner, Adam Stern

2020 Election Quick Take

Securitized

Perspective by John Bastoni

Affordable Housing Aided by Muni Market in 2019

Investing

Perspective by Robert Fernandez

Breckinridge Backs New HCM Disclosure, Transparency Rules

ESG

Prejudice in America and Improving Ourselves

By Peter Coffin

On Monday, June 1, Peter Coffin discussed with Breckinridge employees the killing of George Floyd and the violent protests that followed.

Investing

Summary: Fiscal Stimulus and Monetary Policy Responses to COVID-19

This summary includes analysis from members of the Breckinridge investment team of the implications for the municipal bond and corporate bonds markets.

Corporate

COVID-19 and Corporate Default Rates in Recessions and Depressions Past

By Nicholas Elfner

COVID-19 shutdowns could cause corporate bond defaults. Nick Elfner discusses the resilience of investment grade bond issuers historically.

Municipal

Webinar: Muni Credit Resiliency

By Laura Lake , Adam Stern

Co-head of research Adam Stern and CIO Laura Lake walk through how Breckinridge is thinking about muni credit risk and credit fundamentals.

Municipal

COVID-19 and Muni Credit: Essential service municipals are more resilient than appreciated

By Adam Stern

The coronavirus induced economic turmoil is depressing municipal revenues and increasing operating costs. Adam Stern explains why many muni bonds enter this predicament in better shape than past slowdowns.

Investing

From Peter Coffin: Navigating the Bond Market

By Peter Coffin

In this short video, hear from Breckinridge President Peter Coffin as he offers some perspective during this time of turmoil.

Municipal

Regarding State Bankruptcy

By Adam Stern

As reported by The Wall Street Journal on Wednesday, April 22, Senate Majority Leader Mitch McConnell (R-KY) hinted that, in exchange for more federal aid, he supports the idea of allowing states to file for bankruptcy protection.

ESG

The Trend (In ESG) Is Your Friend

By Timothy Coffin

Recent Intentional Endowment report on performance among educational endowments is a positive indicator for current trends on sustainable investing.

ESG

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.

Municipal

The Fed’s New Municipal Liquidity Facility: Modest Help or Market Game-Changer?

By Adam Stern

Learn what the recently announced MLF means for the muni market in the near and long-term. Co-head of research, Adam Stern, explains the program and potential credit implications.

ESG

COVID-19 Crisis, Corporate Bonds and ESG Implications

By Nicholas Elfner , Robert Fernandez

What does the COVID-19 pandemic mean for corporate bonds and ESG investing?

Investing

Comparing 2020 COVID-19 Market Turmoil to 2008

By Peter Coffin

Breckinridge President Peter Coffin shares thoughts on the turmoil affecting municipal and corporate bonds as the markets and the economy endure effects related to COVID-19.

Investing

From Peter Coffin – A Perspective on the Current Market

By Peter Coffin

Hear from our President, Peter Coffin, on the disorder in the current investment grade bond market.

Investing

Gender Diversity – Creating positive, long-term change

By Laura Lake

Breckinridge Capital Advisors is partnering with Girls Who Invest (GWI), a non-profit organization dedicated to increasing the…

Municipal

Considerations for the Municipal Bond Market and COVID-19

By Adam Stern

With community spread of the coronavirus more likely, we are monitoring the effects it may have on credit quality.

Municipal

Surge in Taxable Issuance Creates Opportunities in the Municipal Bond Market

By Matthew Buscone , Sara Chanda , Adam Stern

Taxable municipal bonds can play an important role in a portfolio if they are considered carefully within the context of the investor’s goals.

Municipal

Low Yields Elevate Value of M/T Ratios, Crossover Trades

By Benjamin Pease

Head of muni trading, Ben Pease, highlights how Breckinridge’s trading approach and capabilities help us face the supply and valuation challenges currently affecting muni market.

Corporate

Monitoring the Coronavirus for Risks to Bond Strategies

By Nicholas Elfner

The Wuhan Coronavirus may present risks to corporate bond investment strategies. Breckinridge has been monitoring developments in order to assess risks to sectors and industry groups.

Investing

Lessons from the Repo Market

By Peter Coffin

In the wake of the turmoil in the repo market this fall, Peter Coffin discusses why that market was already vulnerable and how we can use that to evaluate other markets now and in the future.

Securitized

Gaining New MBS Risk Insight with ESG Analysis

By Laura Lake , John Bastoni

Breckinridge has added a proprietary level of analysis to agency MBS that is bringing greater insight to environmental risks specific to these bonds.

Municipal

2020 Municipal Credit Outlook

By Adam Stern

Entering 2020, municipal credit fundamentals remain broadly stable amid lingering long-term credit issues. Adam Stern’s latest outlook discusses the factors that are likely to have an impact on muni credit this year.

Investing

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.

Securitized

Affordable Housing Aided by Muni Market in 2019

By John Bastoni

Driven by muni bond market conditions, housing bond issuance as a percentage of total municipal market issuance is running at a 10-year high of 8% in 2019.

Investing

Breckinridge Backs New HCM Disclosure, Transparency Rules

By Robert Fernandez

Breckinridge responded to the Securities and Exchange Commission’s proposal to amend Regulation S-K and rules for human capital management (HCM) disclosure.