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Municipal

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

Adam Stern, J.D., M.P.A.

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

Investing

April 2025 Market Commentary

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

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.

Sustainable

The Impact of Population Growth on City Credit Quality and Economic Stability

Robert Fernandez, CFA, Erika Smull, PhD

As a city’s population increases, a municipality’s credit profile can change rapidly. Population growth is typically a favorable credit factor but can introduce challenges as well.

Investing

Understanding Bond Convexity

John Bastoni, CFA, Eric Haase, CFA

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

Adam Stern, J.D., M.P.A.
Sustainable

Demographics, Competition Test School Budgets

Erika Smull, PhD

Demographic shifts, more competition in the public school arena, and state aid formulas are driving challenges.

Sustainable

Global Climate, Biodiversity Conferences in 2024, Mark Progress, Highlight New Goals

Robert Fernandez, CFA

United Nations conferences conducted in 2024 continued to focus nations on the key sustainability risks presented by climate change and degradation of biodiversity around the world.

Equities

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

Joshua Perez, CFA, Bryan Poston, CFA

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.