21 Sep 2022 Market Update The macro outlook has changed significantly – is a recession upon us? Partner and portfolio manager, Eoin Walsh, delivered the keynote address at the TwentyFour Fixed Income Conference in London on September 13. Watch now
21 Sep 2022 TwentyFour Blog Floating rate demand driving deals as ABS reopens Demand for floating rate assets has driven a strong reopening of the European ABS primary market, and is drawing new investors to the asset class, says Kevin Law. Read more
14 Sep 2022 TwentyFour Blog Rates volatility not quite over yet With US inflation data once again hammering markets, Mark Holman says that with US Treasury yields likely approaching their peak, a shift in sentiment for risk assets isn’t far away. Read more
12 Sep 2022 TwentyFour Blog Help arrives as Ukraine’s allies act on Russia’s energy war European governments are unveiling hefty support packages to ease the pain of Russia’s gas shutdown, with implications for inflation and the chance of recession, says Dillon Lancaster. Read more
8 Sep 2022 TwentyFour Blog Default risk still subdued despite escalating energy crisis While economic uncertainty in Europe is building, the healthy cash balances and low refinancing needs of Europe’s high yield bond issuers make a spike in defaults unlikely, says George Curtis. Read more
1 Sep 2022 TwentyFour Income Fund promoted to FTSE 250 TwentyFour Income Fund (LSE:TFIF) has confirmed it will be included in the London Stock Exchange’s FTSE 250 index following the latest quarterly reshuffle. Read more
31 Aug 2022 TwentyFour Blog 50 or 75? Across the board - both are live Dillon Lancaster evaluates the impact of Powell’s Jackson Hole speech on inflation and why he believes next month is set to be a very important period for central bank meetings. Read more
19 Aug 2022 TwentyFour Blog Europe vs. the US – it's just a question of value With Europe facing an energy crisis and the UK bracing for a five-quarter recession, a strong allocation bias to the US seems a no-brainer. However, George Curtis says that when looking at relative value in fixed income, the decision is never that simple. Read more
11 Aug 2022 TwentyFour Blog Hint of inflation peak further fuel for fixed income Investors are eyeing a peak in inflation once more after US data came in lower than expected for the first time this year, and with credit finally seeing positive flows again, George Curtis sees markets grinding tighter over the rest of the summer. Read more
8 Aug 2022 TwentyFour Blog There is plenty more yield to come in floating rate bonds Fixed rate bond yields may have climbed as markets priced in higher interest rates, but both existing and new investors in floating rate bonds have more to gain as central banks keep hiking, says Pauline Quirin Read more
5 Aug 2022 TwentyFour Blog "Abandon all hope ye who enter here" With the Bank of England doling out a double dose of doom on UK inflation and growth on Thursday, Eoin Walsh says it is refreshing for investors to get such a candid assessment from a central bank. Read more
29 Jul 2022 TwentyFour Blog What is the AT1 market pricing in? With bank Additional Tier 1 (AT1) bonds broadly trading at a 10% discount to par and many being priced to perpetuity, Dillon Lancaster suggests investors are either missing or ignoring the solid fundamentals on show in Q2 earnings. Read more