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Insights

Perspectives

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.

SEARCH OUR INSIGHTS

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

Perspective

Community Foundations Target ESG Investing to Amplify Efforts

Investing

Perspective by Nicholas Elfner, Andrew Teras

Affordable Housing Gains From Public, Private Financing

Municipal

Perspective by Adam Stern

Exploring the Relationship Between an Aging Population and State and Local Credit Risk

ESG

Perspective by Phillip Newell

The Importance and Influence of Bond Issuer Engagement

Investing

Perspective by Matthew Buscone

Premium Bonds 101

Investing

Perspective by Jeremy Jenkins

Master Class: Bond Yields

Corporate

Perspective by Brian Garcia

Tech Spends Big on Stock Buybacks, but What Gives for Bondholders?

Securitized

Perspective by John Bastoni

What to Expect from the Launch of UMBS

Municipal

Perspective by Alriona Costigan, Jesse Starks

Why Muni Investors Should Care about Cybersecurity

ESG

Perspective by Christopher Woodward

Why Electric Bills Are Becoming Just as Complicated for the Utilities Themselves

ESG

Perspective by Robert Azrin, Ruth Ducret, Robert Fernandez, Andrew Teras

Municipal Engagement Yields Additional Insights

Securitized

Perspective by John Bastoni

The Case for Agency MBS in a Diversified Portfolio

Municipal

Perspective by Matthew Buscone

Taking Stock of the Recent Rise in Municipal Demand

Investing

Perspective by Peter Coffin

Why Bonds Matter: Lessons from Behavioral Finance

Municipal

Perspective by Adam Stern

2019 Municipal Bond Credit Outlook

Securitized

Perspective by John Bastoni

Five Key Themes in the Securitized Market

Municipal

Perspective by Matthew Buscone

Five Key Themes in the Municipal Market

Corporate

Perspective by Nicholas Elfner

Five Key Themes in the Investment Grade Corporate Market

Municipal

Perspective by Joshua Stein, Andrew Teras, Christopher Woodward

Municipal Implications of the California Wildfires

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.

ESG

Community Foundations Target ESG Investing to Amplify Efforts

There is a powerful connection between ESG investment principles and the missions of community foundations that work for the social benefit of their local areas.

Investing

Affordable Housing Gains From Public, Private Financing

By Nicholas Elfner , Andrew Teras

We saw an innovative new strategy to address housing challenges come to fruition the other week with the first sale of No Place Like Home bonds.

Municipal

Exploring the Relationship Between an Aging Population and State and Local Credit Risk

By Adam Stern

In this perspective, we explore the relationship between population-aging and state and local credit risk.

ESG

The Importance and Influence of Bond Issuer Engagement

By Phillip Newell

Engagement with bond issuers is an essential element of our research process. A recent Wall Street Journal article highlighted the importance and influence of our engagement.

Investing

Premium Bonds 101

By Matthew Buscone

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

Investing

Master Class: Bond Yields

By 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.

Corporate

Tech Spends Big on Stock Buybacks, but What Gives for Bondholders?

By Brian Garcia

Hear from corporate analyst, Brian Garcia, on what declining debt issuance and stock buybacks in the Tech sector may mean for bond holders.

Securitized

What to Expect from the Launch of UMBS

By John Bastoni

Next month marks the launch of UMBS. Our securitized trader explains what this means and potential implications for the agency debt market.

Municipal

Why Muni Investors Should Care about Cybersecurity

By Alriona Costigan , Jesse Starks

On the heels of Baltimore’s recent cyberattack, Experts from our research and IT teams collaborate on a piece discussing cybersecurity for municipalities.

ESG

Why Electric Bills Are Becoming Just as Complicated for the Utilities Themselves

By Christopher Woodward

While clean energy is a growing priority for many states, some electric utility customers may not be willing to pay higher bills.

ESG

Municipal Engagement Yields Additional Insights

By Robert Azrin , Ruth Ducret , Robert Fernandez , Andrew Teras

In our latest perspective, we highlight various city sustainability initiatives and other key ESG themes from our 2018 engagement calls.

Securitized

The Case for Agency MBS in a Diversified Portfolio

By John Bastoni

We think some securitized products, such as agency MBS, are can help diversify portfolios and worth considering.

Municipal

Taking Stock of the Recent Rise in Municipal Demand

By Matthew Buscone

Co-Head of Portfolio Management Matt Buscone lays out the reasons municipal demand has soared and the recent impacts to muni valuation.

Investing

Why Bonds Matter: Lessons from Behavioral Finance

By Peter Coffin

Breckinridge President Peter Coffin shares his views on bonds in this new era of volatility.

Municipal

2019 Municipal Bond Credit Outlook

By Adam Stern

The muni market enters 2019 on stable credit footing, but looming challenges reiterate the importance of careful credit selection.

Securitized

Five Key Themes in the Securitized Market

By John Bastoni

John Bastoni, Breckinridge's securitized product trader, outlines some of the top trends on his radar as we enter 2019.

Municipal

Five Key Themes in the Municipal Market

By Matthew Buscone

As we enter 2019, portfolio manager Matt Buscone discusses what’s top of mind in the muni market for our investment team.

Corporate

Five Key Themes in the Investment Grade Corporate Market

By Nicholas Elfner

On the heels of the Fed meeting on Wednesday, we outline five trends that are currently top of mind in the corporate market.

Municipal

Municipal Implications of the California Wildfires

By Joshua Stein , Andrew Teras , Christopher Woodward

The California wildfires raise important questions about municipal credit risks in the state. Our senior analysts provide thoughts on these risks, including the state's role in the solvency of electric utilities.