Flash Fixed Income

Flash Fixed Income: Are there more “cockroaches” in credit?

October brought the first serious bout of volatility in corporate bond markets for some time, with two high-profile US bankruptcies raising fears of a more systemic issue in credit. We anticipate more such defaults in the coming months, though we expect they will remain isolated cases given fundamentals across the market still look healthy.

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Education

Education Hub

Our Education Hub brings our fixed income educational resources together in one place, covering everything from fundamental bond market concepts to some of the more complex securities that can be included in bond portfolios.

Insights

European ABS reform: A game-changer for institutional investors

20 Nov 2025 White Paper

European ABS reform: A game-changer for institutional investors

The European asset-backed securities (ABS) market, once among the most substantial in global fixed income, has remained subdued since the global financial crisis due to a decade of restrictive regulation.

Flash Fixed Income new imagery - 1

18 Nov 2025 Flash Fixed Income

Flash Fixed Income: Are there more “cockroaches” in credit?

October brought the first serious bout of volatility in corporate bond markets for some time, with two high-profile US bankruptcies raising fears of a more systemic issue in credit.

Weird week of data to drive macro narrative

17 Nov 2025 TwentyFour Blog

Weird week of data to drive macro narrative

Economic data this week will be weird, and for central bankers it might not be wonderful. In the US, not only will we endure the aberration of non-farm payrolls (NFP) data being published on a Thursday, but we’ll also get several late macro data releases with the government shutdown put off until at least January.

CLOs are finally pricing the tail

11 Nov 2025 TwentyFour Blog

CLOs are finally pricing the tail

For some time now, collateralised loan obligations (CLOs) have in our view been one of the standout risk-adjusted opportunities in all of fixed income, and in recent years (including this one) their performance has lived up to that billing.

Stakes are high but Fed in control as it ends QT

10 Nov 2025 TwentyFour Blog

Stakes are high but Fed in control as it ends QT

In 2017, when the Federal Reserve (Fed) was preparing to shrink its balance sheet, then-chair Janet Yellen famously described the process of quantitative tightening (QT) as being "like watching paint dry."

Solvency II transition leaves insurers (and bondholders) in better place

7 Nov 2025 TwentyFour Blog

Solvency II transition leaves insurers (and bondholders) in better place

This year will go down as an important period for the European insurance sector, which is concluding its effort to phase out capital instruments issued under the old Solvency I framework and replace them with more modern Solvency II structures.

Deeper market, stronger demand: The impact of European ABS regulatory reforms

6 Nov 2025 Event Replay

Deeper market, stronger demand: The impact of European ABS regulatory reforms

Watch our latest European ABS webinar with Rob Ford and Douglas Charleston to gain a deeper understanding of how regulatory reforms are reshaping the European ABS landscape and fuelling investor demand.

Should bond markets fear an AI bubble?

5 Nov 2025 TwentyFour Blog

Should bond markets fear an AI bubble?

There is an emerging sense of unease in the markets around the scale and productivity of corporate investments in AI. As fixed income investors, not equity or tech managers, we will not aim to assess the longevity or possible applications of these nascent technologies, and nor should we opine on when or by how much equity markets might go up or down.

Fed tension limits scope for UST rally

3 Nov 2025 TwentyFour Blog

Fed tension limits scope for UST rally

Jerome Powell and his Federal Reserve (Fed) colleagues decided to cut the Fed Funds rate by 25bp to 3.75-4% at last week’s policy meeting, marking 150bp of cuts since the cycle began in September 2024.