Insights

In a volatile market influenced by a technology sector investing trend, Breckinridge’s rules-based security selection process delivered positive risk-adjusted performance in the near term, as it pursues its long-term objectives.

Treasury yields rose across the curve in July, with the 10-year Treasury reaching a year-to-date high and the 30-year yield surpassing 5.20 percent for the first time since 2007.

Treasury yields moved higher at the front end in June, reflecting expectations that the Federal Reserve may hike rates in 2H2026.

Liquidity events are creating new portfolio challenges, making tax-aware reinvestment and thoughtful portfolio construction more important than ever.

After widening in the first quarter on heightened geopolitical risk and an oil shock, corporate bond spreads staged a comeback on a ceasefire in Iran, solid U.S. economic data, and a strong first-quarter earnings cycle.

Treasury yields ended May modestly higher on expectations for a higher-for-longer rate environment.

We believe that periods of higher bond market volatility demonstrate the need for proactive tax loss harvesting and tax-loss crossing in bond portfolios throughout the year, rather than waiting until tax-season or year-end.

Treasury yields moved modestly higher in April, as markets responded to resilient economic data, elevated inflation readings, and higher energy prices.