Insights

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Insights

Sustainable

Monitoring Aggregate Exposure to Physical Climate Risks

By Erika Smull

As increasingly severe natural disasters threaten more regions of the U.S., Breckinridge is enhancing hurricane, flood, and wildfire risk monitoring to better inform municipal bond investors.

Equities

Why Does a Credit Rating Matter for Dividend Investing?

October 17, 2025 - Joshua Perez, Bryan Poston

In our view, a credit rating is a measure of financial robustness and a proxy for quality, reflecting a firm’s proven results and history of prudent capital deployment.

Investing

September 2025 Market Commentary

October 14, 2025

The Treasury yield curve bull flattened in September, with the 10-year yield falling by eight basis points.

Corporate

Q4 2025 Corporate Bond Market Outlook

October 7, 2025 - Nicholas Elfner

Above-average yields, solid investor demand, and stable credit fundamentals are counterbalanced by tight spreads, rising event risk, and a slowing labor market driving a modest overweight to the corporate sector, with a defensive posture.

Equities

Maximizing Long-Term Equity Income Potential Is About Dividend Growth, Not Dividend Yield

September 24, 2025 - Joshua Perez, Bryan Poston

For investors seeking higher long-term income and capital appreciation, a company’s dividend growth rate can be a more important consideration than its dividend yield.

Investing

Public Investment Grade Debt and Private Credit are Friends, Not Foes

September 12, 2025 - James Spidle

Private credit allocations have progressed from niche to mainstream, presenting investors with two critical considerations.

Sustainable

Using Muni SMAs to Assist Climate-Vulnerable Communities

September 18, 2023 - Erika Smull

Breckinridge’s new Climate Vulnerability Customization allows investors to allocate capital to climate-vulnerable communities in a data driven manner.

Investing

August 2025 Market Commentary

September 10, 2025

In August 2025, the financial markets were marked by a mix of economic resilience and shifting policy expectations.

Investing

Tax-Loss Harvesting in Fixed Income Portfolios

September 9, 2025 - 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

July 2025 Market Commentary

August 13, 2025

Treasury yields increased in July on favorable economic data and the Federal Reserve’s decision to hold rates steady.

Municipal

Rapid Municipal Market Evolution Is Shifting Traditional Advisor Roles

July 28, 2025 - Christina Lynch

Higher yields could encourage higher fixed income allocations, even as market volatility increases.

Municipal

Municipal Market: 2025 Mid-Year Outlook

July 18, 2025 - Matthew Buscone, Adam Stern

Influences spanning government, regulatory and trade policy, market technicals and sector fundamentals shaped the municipal bond market through June 2025.

Municipal

In-State and Out-of-State Municipal Bonds: Key Investment Considerations

July 16, 2025 - Jeremy Jenkins

Municipal bond investors would be remiss to ignore the impact of state and local taxes on an appropriate mix of in- and out-of-state bonds in their portfolios.

Sustainable

Issuer Engagement and the Energy Supply Financing Ratio

July 14, 2025 - Nicholas Elfner, Robert Fernandez

We see the Energy Supply Financing Ratio as an emerging and potentially important signal of how financial institutions are navigating the low-carbon transition.

Investing

June 2025 Market Commentary

July 11, 2025

U.S. Treasury Curve: Treasury yields fell in June and steepened for the quarter, with yields falling in the 1- to 10-year range and increasing beyond 10 years.

Corporate

Q3 2025 Corporate Bond Market Outlook

July 9, 2025 - Nicholas Elfner

Tight credit spreads, solid demand, stable credit fundamentals, and tariff-related uncertainty drive a modest overweight to corporate bonds.

Investing

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

July 1, 2025 - 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.

Investing

May 2025 Market Commentary

June 6, 2025

Uncertainty around fiscal deficits and trade policy dampened demand for Treasury bonds in May.

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.

Investing

April 2025 Market Commentary

May 12, 2025

Volatile investment markets throughout April reacted to shifting trade policy messaging, mixed economic readings, and President Trump’s expression of frustration with the Federal Reserve.

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.

Corporate

Q2 2025 Corporate Bond Market Outlook

April 15, 2025 - Nicholas Elfner

IG corporate new issuance surprised to the upside and registered a record first quarter with about $585 billion of bonds issued.

Investing

March 2025 Market Commentary

April 10, 2025

With heightened volatility across investment markets in March, investor demand for U.S. government bonds increased. Shorter maturity Treasury yields fell.