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Insights

Perspectives

Investing

New Pope's Lifetime Ministry Consistent With 2022 Catholic Investing Principles

By James Spidle

The social doctrine of the Catholic Church guides its investment policy.

Equities

Navigating the Risks: High Payout Ratios and Stable Dividend Income

June 26, 2025 - Joshua Perez, Bryan Poston

We believe payout ratio is a critical metric in evaluating dividend-paying securities and avoiding the potential pitfalls associated with targeting solely high dividend yield.

Equities

Looking Beyond Yield for Stable Dividend Income

June 26, 2025 - Joshua Perez, Bryan Poston

We believe that investors may place too much emphasis on high absolute dividend yield when seeking defensive and high income-generating equity exposure.

Municipal

Using Total Return Effectively in Municipal Bond Management

May 30, 2025

There are important limitations to relying solely on total return—primarily that not all returns are created equal.

Municipal

Material Policy Headwinds for Private Higher Ed Are Likely Manageable Investment Risks

May 29, 2025 - Adam Stern, Robert Azrin

Federal policy actions present new risks for many private higher education institutions.

Municipal

Taking the Measure of Municipal Bond Ladders

May 8, 2025

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

Investing

Understanding Bond Convexity

February 11, 2025 - John Bastoni, Eric Haase

As yields rise or fall, the pace and size of any change in one bond’s prices can be different than another bond.

Municipal

2025 Municipal Market Outlook

January 6, 2025 - Adam Stern

The municipal bond market enters 2025 with strong but ebbing credit fundamentals, the potential for rising Municipal/Treasury ratios driven by increased issuance and weaker demand due to policy uncertainty, and tight credit spreads.

Equities

Seeking Income Diversification: Complementing Fixed Income with High Quality Dividend Equities

December 2, 2024 - Joshua Perez, Bryan Poston

High quality investment grade (IG) bonds have traditionally played an important role in well-diversified portfolios of investors seeking stable income, diversification, and capital preservation.

Municipal

Heating Up: The Muni Market Inches Closer To Pricing Climate Risk

November 21, 2024 - Adam Stern, Erika Smull

Extreme and damaging weather events traceable to climate change cost the U.S. economy almost $150 billion annually.

Investing

Discussing Investment Grade Fixed Income as Conditions Shift in 2024 and 2025

November 12, 2024 - Jeffrey Glenn, James Spidle

We believe strong credit fundamentals and attractive all-in yields suggest a favorable environment for corporate and securitized bonds entering 2025.

Investing

From Crisis to Confidence: The Changing Landscape in Bond Investing

November 1, 2024 - Ognjen Sosa

Traditionally, investors have allocated to high-quality investment grade bonds with a goal of earning predictable income, diversifying their overall portfolio risk, and preserving capital.

Investing

As Bond Market Volatility Rises, TLH and TLC Can Support Investment Objectives

September 18, 2024 - Eric Haase

In order to take advantage of market and economic events that create volatility, tax-aware investors need to monitor portfolios and be ready to act when opportunities arise.

Municipal

Election Outlook 2024: Tax Risk Rising

September 3, 2024 - Adam Stern

The outcomes of the 2024 election cycle remains murky, with legislative margins in the House and Senate likely to be modest regardless of the results.

Educational

Financial Glossary

July 25, 2024

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

Municipal

It May Be Time To Activate Your Muni Bond Portfolio

June 17, 2024 - 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.

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

Sustainable

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.

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.

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

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.