6 Jan 2022 TwentyFour Blog Comprehending the latest Treasury spike Given the swiftness of the Fed’s pivot we think risks are tilted towards the central bank doing more and not less. We wouldn’t even rule out a 50bp rate hike at some point. Read more
14 Dec 2021 TwentyFour Blog FOMC: Hard to shake sense the Fed is behind the curve Jerome Powell’s recent testimony to the Senate Banking Committee, in which he said the Fed would discuss a faster taper of its asset purchases at December’s FOMC meeting, has led to intense speculation that we could see a move this week. Read more
13 Dec 2021 TwentyFour Blog This is as good as it gets for linkers Against a backdrop of 4.20% year-on-year UK consumer price inflation (CPI), if you got your timing right, linkers (inflation-linked UK government bonds) will certainly have outperformed conventional Gilts by some margin. Read more
10 Dec 2021 TwentyFour Blog When will labour market strength JOLT Treasuries higher? The labour market in the US shows little sign of weakening, despite the huge number of jobs already created this year. Read more
2 Dec 2021 Market Update Policy, economy and markets must converge in 2022 Shortly after publishing his annual Rodney Blog, TwentyFour CEO Mark Holman sat down with Tom Porter to discuss the biggest calls fixed income investors will have to make in 2022, and explain why he believes the current disconnect between monetary policy, the economy and the markets cannot last for long. Watch now
29 Nov 2021 TwentyFour Blog The Rodney Blog 2022: Policy, economy and markets must converge What we are currently experiencing is a disconnect between monetary policy, the economy and the markets, a disconnect that in our view will struggle to survive much longer. Read more
26 Nov 2021 TwentyFour Blog How swaps can reduce rates risk as we move towards tightening With rising government bond yield curves one of the biggest concerns for fixed income fund managers going into 2022, Eoin Walsh points to interest rate swaps as one option for reducing the rates risk of a portfolio without impacting its credit exposure. Read more
5 Nov 2021 TwentyFour Blog Did the BoE surprise, or were you just not listening? So that’s the banks, rates, swaps and currency traders that all apparently got the wrong end of the stick. Explaining how you might arrive at a future monetary policy decision is a challenging and fine balancing act, but as Governor of the Bank of England that is of course one your jobs. Read more
1 Nov 2021 TwentyFour Blog A big week for rates with the BoE centre stage Following a turbulent week for rates markets, Eoin Walsh outlines what investors can expect as the Bank of England and other central banks meet this week. Read more
26 Oct 2021 Market Update Multi-Sector Bond Quarterly Update – October 2021 TwentyFour Portfolio Manager, Charlene Malik, discusses market conditions in Q3 2021 and provides her outlook for the rest of the year. Watch now
8 Oct 2021 TwentyFour Blog Navigating The New Bond Volatility This looks to us like a buy-into-the-dip opportunity, but investors should be wary of taking on too much rate sensitivity as the move in risk-free curves is likely to persist until the rate hike cycle is actually on the way. Read more
7 Oct 2021 TwentyFour Blog Why BoE Hiking First May Be Best for Bonds In the last month, global government bond curves have had a torrid time, with significant steepening seen across US Treasury, UK Gilt and German Bund yields. Read more