16 Jul 2021 TwentyFour Blog Curb Your QE Whether the Bank of England halts all purchases in August or merely begins to slow the pace of purchasing later in Q4 this year, by 2022, less technical support will exist for gilts. Read more
15 Jul 2021 Market Update Asset-Backed Securities Quarterly Update – July 2021 TwentyFour Partner and Portfolio Manager, Douglas Charleston, explains how ABS markets have performed in Q2 2021 and provides his outlook for the year ahead. Watch now
15 Jul 2021 Market Update Investment Grade Quarterly Update – July 2021 TwentyFour Partner and Portfolio Manager, Gordon Shannon, discusses how Investment Grade markets have performed in Q2 2021 and provides his outlook for the upcoming months. Watch now
13 Jul 2021 TwentyFour Blog CLO Metrics continue to improve Based on these metrics, the picture seems rosy, and credit performance looks set to continue through the second half of the year should the main drivers of the recovery remain intact. Read more
12 Jul 2021 TwentyFour Blog ESG is Inflationary As companies and individuals adopt sustainable practices, we believe the potential exists for inflationary consequences. Read more
7 Jul 2021 Market Update Investors should remember – Powell is not a bond manager It feels like we are currently spending at least 40% of our time talking about inflation, or more accurately, why the US Federal Reserve seems to have a different view of inflation to almost everybody else. Read more
6 Jul 2021 Market Update Is the Fed behind the curve on inflation? In this video, TwentyFour CEO Mark Holman joins Tom Porter to decipher the Fed’s latest messaging, and to remind bond managers that Jerome Powell is not one of them. Watch now
6 Jul 2021 TwentyFour Blog Supply points to Selectivity? Doing the necessary work to understand the difference between companies merely exposed to COVID restrictions and those structurally damaged by them continues to be extremely important. Read more
30 Jun 2021 TwentyFour Blog The new mortgage prisoners – the unintended consequences of improving the world In both instances, the good intentions of the regulator and the authorities are clear… But at the same time both changes have the potential to cause an increasingly undesired side effect. Read more
29 Jun 2021 TwentyFour Blog Should We Fear the Repo Men? Given the magnitude of the amounts involved we do think there is potential for some temporary volatility in the US Treasury market as the volumes change. We will be keeping a keen eye on both in the months ahead. Read more
25 Jun 2021 TwentyFour Blog US Banks Pass Their Health Check Yesterday the US Federal Reserve released the results of its annual bank stress test, subjecting the 23 largest US lenders to a punitive set of scenarios. Some observers might think the events since March 2020 had been sufficient to test the resilience of the banks, but the Fed went beyond this recent real-life challenge and tested bank balance sheets against a range of hypothetical crises. Read more
23 Jun 2021 TwentyFour Blog A Lighter Shade of Green We have a high opinion of Kensington as a mortgage lender and when we score it for ESG as part of our investment analysis it performs very well even without this latest Green initiative, but we do feel it can stretch further. Read more