28 Jan 2022 TwentyFour Blog UK RMBS floating above the fray After a relatively quiet period during the closing weeks last year, the primary ABS market has enjoyed a solid start to 2022. 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
24 Jan 2022 Market Update Multi-Sector Bond Quarterly Update – January 2022 TwentyFour Portfolio Manager, Charlene Malik, discusses market conditions in Q4 2021 and provides her outlook for the new year. Watch now
24 Jan 2022 Market Update Asset-Backed Securities Quarterly Update – January 2022 TwentyFour Partner and Portfolio Manager, Douglas Charleston, explains how ABS markets have performed in Q4 2021 and provides his outlook for the new year. Watch now
21 Jan 2022 TwentyFour Blog European ABS: Five things to expect in 2022 If 2021 was a bad year for global bond returns, it follows there were few natural shelters to be found within fixed income from the brunt of inflation and rates-driven volatility; the Barclays Global Aggregate Index (a widely used broad measure of bond performance) returned -4.7% in USD terms, while European investment grade credit returned -1.1% despite credit spreads tightening over the course of the year. Read more
18 Jan 2022 TwentyFour Blog Why so quiet at the Bank of England? It has been a very interesting start to the year in the rates sector of the market. Read more
14 Jan 2022 TwentyFour Blog French government pulls the plug on EDF Électricité de France (EDF) shares fell by as much as 25% on Friday morning after the French government announced exceptional measures to limit the impact of high electricity prices on French consumers, at the expense of the energy provider – the shares are down over 30% since start of December. Read more
14 Jan 2022 TwentyFour Blog Specialist lenders lead stacked pipeline in ABS The first two trading weeks of the year are coming to an end and unlike previous years they have been packed with activity. Read more
7 Jan 2022 TwentyFour Blog Light at the end of the inventory tunnel As we enter the third year of the pandemic, most market participants are asking themselves (once again) if this will be the year when supply chain issues finally abate. Read more
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
6 Jan 2022 TwentyFour Blog Voting rights and the myth of future proofing documentation As we enter the New Year, we say goodbye to an old “friend” that has accompanied us (for better and for worse) since the inception of the UK ABS market in the late 1980s – Sterling LIBOR. Read more