Should bond markets fear an AI bubble?

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.

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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

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.

Beyond the noise, conditions favour fixed income TwentyFour

31 Oct 2025 Market Update

Beyond the noise, conditions favour fixed income

Amid tariffs, bankruptcies, and uncertainty, credit fundamentals remain strong. Elevated yields and solid corporate balance sheets favour income-focused fixed income strategies over government bonds, even as volatility persists.

Falling oil prices and what it means for credit markets

30 Oct 2025 TwentyFour Blog

Falling oil prices and what it means for credit markets

Oil prices have been gathering headlines in the last few weeks. After falling below the $60 per barrel mark, the West Texas Intermediate price (WTI) bounced back strongly as a result of fresh sanctions announced against the two Russian giants, Lukoil and Rosneft.

Why the end of the NZBA doesn’t mean the end of net zero

30 Oct 2025 Market Update

Why the end of the NZBA doesn’t mean the end of net zero

The Net Zero Banking Alliance (NZBA) has formally ceased operations as a member-based organisation, following a vote by its remaining members. This marks the end of what we believe is one of the most significant collective efforts to align global banking with the goal of net zero emissions by 2050.