20 Jan 2021 Market Update Investment Grade Quarterly Update – January 2021 Partner and portfolio manager Chris Bowie looks back at investment grade credit market performance in 2020 and provides his outlook for 2021 Watch now
20 Jan 2021 Market Update Asset-Backed Securities Quarterly Update – January 2021 TwentyFour AM partner and portfolio manager Douglas Charleston discusses Q4 performance for ABS markets and provides his outlook for 2021. Watch now
20 Jan 2021 Market Update Multi-Sector Bond Quarterly Update – January 2021 George Curtis discusses credit markets in Q4 2020 and provides his outlook for the year ahead Watch now
15 Jan 2021 TwentyFour Blog Trio of HY Deals Could Set Tone for 2021 For high yield issuers 2021 has started in a similar vein to 2020, with the technical backdrop providing an attractive environment for capital raising. Read more
14 Jan 2021 TwentyFour Blog ABS in 2021: Spread Tightening and Supply Surprises Our analysis indicates European ABS investors can carry forward little concern about nasty default surprises, and this is likely to be important when considering total returns for 2021. Read more
13 Jan 2021 TwentyFour Blog Where Yields Are Higher Than High Yield At the moment CLO spreads are tightening, as they are right across credit. However, we haven’t had any CLO primary deals come to market so far in 2021, so we are operating in a bit of an informational vacuum, at which point these cross-asset class comparisons can be useful. Read more
12 Jan 2021 TwentyFour Blog Fast Moving Cycle As we have said many times over the past few months, this cycle is likely to be remembered (among other reasons) as being exceptional for its unprecedented momentum. Read more
8 Jan 2021 TwentyFour Blog Why We Are Now More Bearish on US Treasuries The biggest mover so far this year in fixed income markets has been US Treasuries. The curve has bear steepened, with the short end remaining unchanged while longer maturities have sold off by anything between 10bp at the five-year point of the curve and just over 20bp in the 30-year. Read more
7 Jan 2021 Market Update A strong outlook for CLOs Elena Rinaldi looks back at the performance of European CLOs in 2020 and explains how post-vaccine sentiment should help boost recovery in 2021, providing a positive outlook for CLOs. Watch now
7 Jan 2021 Market Update More upside in bank capital Partner and portfolio manager Gary Kirk discusses why he thinks AT1s continue to look attractive in the search for yield. Read more
7 Jan 2021 Market Update How big a threat is inflation? Partner and Portfolio Manager Felipe Villarroel reflects on markets in 2020 before giving his inflation outlook for 2021 Watch now
7 Jan 2021 Market Update Our view on high yield defaults In his latest video, George Curtis discusses our views on high yield defaults over the last few months and what he thinks we can expect in 2021 Watch now