Breckinridge Capital Advisors

In February, Treasury yields fell across the curve, and the 10-year yield declined 30 basis points, as buyers turned to Treasuries amidst potential signs of the disinflationary power of AI, rising geopolitical tensions and worries about private credit. bit.ly/4ueta0C

Treasury yields rose modestly across the curve during January, with the 2-year and 10-year maturities seeing increases of 5 basis points, as markets adjusted to shifting economic data. bit.ly/3O687gg

Treasury yields concluded the month with a bear steepening of the curve. Shorter-term rates declined, while longer-term yields rose, reflecting shifting market expectations. breckinridge.com/insights/detai…

As we enter 2026, we are of the view that the next 12 months may be more about total return and less excess return. Learn more in our Q1 2026 Corporate Bond Market Outlook: bit.ly/49ax1DF

Our 2026 Municipal Outlook is here. Key themes: stable technicals, tight valuations, fading but still-strong credit quality, and greater credit spread differentiation ahead. Read Adam Stern’s full outlook: bit.ly/4pmyNGn

Breckinridge’s core philosophy centers on seeking to provide investors with consistent, dependable income. This is an essential component for both bond and dividend investing, particularly in today’s unsettled markets. bit.ly/4qg8Ud3

We had a wonderful experience attending the Massachusetts Conference for Women, an inspiring event dedicated to empowering thousands of women through meaningful professional and personal development.

By prioritizing quality, sustainable growth, and Return on Equity, we seek companies positioned to grow dividends strongly over time. Learn more about high quality dividend investing: bit.ly/4qg8Ud3

While California’s fiscal resilience, reserve levels, and governance improvements help position it to manage a downturn, select sectors such as public power, pensions, and local governments with tech exposure could face heightened pressure. bit.ly/48maa7v

Tax rates vary widely across states but even investors in low-tax states can benefit from muni strategies. At Breckinridge, we customize portfolios for each investor’s state and tax profile, helping clients seek value beyond the tax exemption. bit.ly/3LOmYL8

To further enhance management of physical climate risks, Breckinridge has developed a top-down climate risk assessment overlay that can be applied to sustainable tax-efficient municipal strategies. bit.ly/47nHp8U

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. Learn why we believe it matters for dividend investing: bit.ly/477Ilhu

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. bit.ly/48fVGGI

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. Learn more in our latest perspective: bit.ly/46UybBS

Private credit allocations have progressed from niche to mainstream. In our latest perspective, we highlight two key considerations that investors should keep in mind. bit.ly/42pUvAH

Breckinridge employs tax-loss management strategies within tax-efficient portfolios as market conditions warrant. Explore tax-loss harvesting and tax-loss swapping concepts from a portfolio management perspective. bit.ly/4pfaLhR

Treasury yields increased in July on favorable economic data and the Federal Reserve’s decision to hold rates steady. bit.ly/4miyiwv

Partnering with an experienced investment manager like Breckinridge can help financial advisors support, advance and achieve their clients’ investment goals. Learn more: bit.ly/45ua5wY

In our Mid-Year Outlook, Matt Buscone, Co-CIO, and Adam Stern, Co-Head of Research, explore why municipal bonds may be well-positioned for the second half of 2025—despite evolving risks and shifting market dynamics. bit.ly/4lC9LlN

One of the essential ways we customize a municipal bond portfolio is to align it with a client’s state of residence and invest accordingly. Learn more: bit.ly/4kHtHCk