25 Oct 2021 TwentyFour Blog European ABS and CLOs Resilient Amid Volatility After a mixed start to Q4 for risk assets, Elena Rinaldi examines how European ABS and CLO assets have fared so far in Q4 and the factors currently affecting both markets. Read more
15 Oct 2021 Market Update ESG Quarterly Update – October 2021 TwentyFour Partner and Chairman Graeme Anderson discusses the firm’s ESG developments during Q3 2021 and presents its plan for the coming months. Watch now
15 Oct 2021 TwentyFour Blog BoE Rate Hikes Would Be Music to ABS Ears Let’s not forget that the BoE dropped rates from 0.75% right down to 0.1% at the start of the COVID-19 pandemic back in March 2020, having only managed to put through two hikes in 2017 and 2018. It has changed course sharply before. Read more
14 Oct 2021 TwentyFour Blog Investor Nervousness Priced In? Fixed income markets have experienced a reasonable correction over recent weeks and, for higher-yielding indices at least, their first negative period so far this year. Read more
13 Oct 2021 TwentyFour Blog Can Demand Keep Pace With Record High Yield Supply? Given the prospect of central bank tapering and ultimately interest rate rises are looming ever larger, it is no surprise dealmakers are trying to take advantage of attractive financing terms while they still exist. Read more
11 Oct 2021 TwentyFour Blog European Bank Treasurers Dust Off Their Pre-QE Funding Plans While bank treasurers may have to work a bit harder this year-end to formulate wholesale funding plans, the ABS market that they may be more reliant on going forward is experiencing a strong resurgence, which should ease the process of weaning off central bank funding. Read more
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
29 Sep 2021 TwentyFour Blog Rates Become The Source of Risk Again From time to time, Treasury yields actually become the source of risk for financial markets. Read more
28 Sep 2021 TwentyFour Blog Should Investors Fear a Hawkish Tilt? On Wednesday, the Fed moved one step closer to tapering and even put quite a clear timeframe for it, while on Thursday, the Bank of England openly talked about rate hikes. Read more
24 Sep 2021 TwentyFour Blog Winter is Coming It will take time for this sector to recover and we are likely to see more suppliers collapse in the coming weeks and months. Read more
24 Sep 2021 TwentyFour Blog Stagflation – Probable or Panic? Our base case is for a continuation of quite high growth and a modest inflation overshoot. For bond investors, positioning for stagflation could be a dangerous trade if that base case bears out Read more
15 Sep 2021 TwentyFour Blog The Conditions for Tapering Already Exist With ample job openings, inflation well ahead of target, financial conditions that are certainly not tight and strong economic growth, the obvious question is what does the Fed need to see to finally start tapering its asset purchases? Read more