14 Nov 2022 TwentyFour Blog Hint of cooling inflation can restore stability With a US inflation print finally coming in below expectations, can investors start to picture decent returns again? Or will this latest relief rally prove another false dawn? Read more
11 Nov 2022 TwentyFour Blog ABS liquidity is there when you need it most With the UK pension fund liquidity crisis sparking heavy selling in ABS, Pauline Quirin looks at how the market absorbed all the supply, and which investors have stepped in sensing a buying opportunity. Read more
9 Nov 2022 TwentyFour Blog Credit quality deterioration is inevitable Credit metrics will continue to deteriorate in the next year or two, but European high yield bonds in particular are pricing in too severe a downturn, says Mark Holman Read more
8 Nov 2022 TwentyFour Blog Healthy premiums drive big day for primary markets With well over €10bn of new bonds sold by European banks and corporates on Monday, Felipe Villarroel analyses the pricing and looks at the patterns that usually emerge when primary markets reopen. Read more
7 Nov 2022 TwentyFour Blog Are Europe’s winter prospects warming up? With European energy prices well off their peaks, Felipe Villarroel breaks down the myriad factors impacting the region’s economic prospects in the next few months. Read more
2 Nov 2022 TwentyFour Blog To call or not to call – who decides? With a surprising statement issued by the Australian regulator, Eoin Walsh looks at the wider implications for the calling of AT1 bonds Read more
1 Nov 2022 TwentyFour Blog UK risk premium looks too steep with stability restored With Rishi Sunak and Jeremy Hunt leading a more fiscally conservative UK government, Johnathan Owen checks in on sterling asset valuations and argues the UK premium is overcompensating for underlying risks. Read more
27 Oct 2022 TwentyFour Blog Here’s why private equity is buying bonds over ‘real’ assets With private equity firms active buyers of CLOs and CMBS in recent weeks, Aza Teeuwen explains why these investors are shunning physical assets in favour of asset-backed bonds. Read more
27 Oct 2022 TwentyFour Blog ECB echoes subtle change in central bank tone While central banks remain committed to battling inflation with big rate hikes, George Curtis detects a clear change in tone which has seen market expectations of terminal rates tumble in recent days. Read more
17 Oct 2022 TwentyFour Blog Non-call doesn’t necessarily mean price pain in AT1s After Banco Sabadell declined to call its 6.125% AT1s at their first call date due to current market conditions, Dillon Lancaster looks at the structure of the bonds and explains what the move means for investors. Read more
14 Oct 2022 Market Update Asset-Backed Securities Quarterly Update – October 2022 TwentyFour Partner and Portfolio Manager, Douglas Charleston, explains how ABS markets have performed in Q3 2022 and provides his outlook for the rest of the year. Watch now
14 Oct 2022 Market Update ESG Quarterly Update - October 2022 Charlene Hogg summarises the firm's ESG activities in Q3 2022 including successful application for the UK Stewardship Code. Watch now