22 Mar 2022 TwentyFour Blog Powell confirms Fed pivot is complete Officially the Fed pivoted from its ‘transitory’ inflation rhetoric in December last year. Read more
18 Mar 2022 TwentyFour Blog BoE sounds caution on the real economy The hawkishness of the Fed on Wednesday paved the way for the Bank of England (BoE) to follow suit. Read more
17 Mar 2022 TwentyFour Blog Wave of inflation means companies will sink or swim on pricing power Soaring inflation was already a dominant theme for markets coming into 2022. The sanctions imposed on Russia in response to its invasion of Ukraine have only exacerbated its expected rise, and pushed its expected peak further out. Read more
16 Mar 2022 TwentyFour Blog FOMC: Central bankers face conundrum on inflation and growth The much-anticipated March FOMC meeting is finally upon us, and given there was no meeting in February investors will be very glad of this window into the Fed’s thinking, particularly given the ongoing and far-reaching economic ramifications of Russia’s invasion of Ukraine. Read more
14 Mar 2022 TwentyFour Blog Investors face conundrum on government bond allocations We think a base case that central banks will follow a more measured monetary policy path than markets are currently pricing in is reasonable given the current backdrop. Read more
21 Feb 2022 TwentyFour Blog Steady Fed makes short end look attractive Escalating geopolitical tensions have contributed to a volatile past week for investors, but uncertainty regarding central bank action continues to dominate the bond markets, with one investment bank now predicting nine straight hikes from the Fed beginning at its March meeting. Read more
14 Feb 2022 TwentyFour Blog What are government bonds saying? Yield curve shape and yield curve change are often good predictors of the state of the economy and its outlook. Read more
11 Feb 2022 TwentyFour Blog Managing the downturn As 2021 wore on we became increasingly concerned that the disconnect between asset prices, economic fundamentals and monetary policy was becoming more acute. Read more
8 Feb 2022 TwentyFour Blog What will turn this market around? For fixed income investors, the start to 2022 has been trickier than any we have experienced for many years, but we think this difficulty is to be expected and aligns with our macro view. Read more
8 Feb 2022 Market Update Why central bank policy errors should be top of your 2022 worry list With inflation soaring and the economic recovery looking more fragile, we look at three famous central bank policy errors to demonstrate why they can be so dangerous for investors, and consider how a fixed income portfolio can be strengthened against the risk. Read more
27 Jan 2022 TwentyFour Blog Yields soften blow of Powell’s hard words Powell’s hard line may have surprised investors, particularly in light of recent market volatility and increasing geopolitical risk in Eastern Europe, but the Fed’s fear of prolonged higher inflation looks to be trumping those concerns. Read more
24 Jan 2022 Market Update Investment Grade Quarterly Update – January 2022 TwentyFour Partner and Portfolio Manager, Gordon Shannon, discusses how the investment grade strategy has performed in Q4 2021 and provides his outlook for the new year. Watch now