7 May 2024 TwentyFour Blog Don't miss out on scarcity premium in AT1s The first four months of this year have seen €11.6bn in gross Additional Tier 1 (AT1) issuance from European banks, across euros, dollars and sterling markets. Read more
2 May 2024 Event Replay The duration deliberation - to extend or not to extend? On this webinar, Chris Bowie (Partner, Portfolio Management) provided a macro update on fixed income markets and how these views are reflected in the positioning of our short-dated funds. Watch now
2 May 2024 TwentyFour Blog Not much change at the Fed – so, what now? The Federal Open Market Committee (FOMC) meeting was a relatively uneventful one, but there are a few points worth highlighting. Read more
1 May 2024 TwentyFour Blog European banking M&A gathering pace Recently, BBVA announced that it had approached the management of Banco Sabadell, to explore a possible merger between both entities, with BBVA also appointing advisers for this purpose. Read more
30 Apr 2024 Event Replay Back to Basics: Bank Capital In this Back to Basics webinar, Jakub Lichwa (Portfolio Management) and Dillon Lancaster (Portfolio Management) from our Multi-Sector Bond team gave their valuable insights into the importance of maintaining sufficient levels of bank capital to uphold financial stability. Watch now
25 Apr 2024 TwentyFour Blog Don't forget about money supply measures M1 and M2 Money supply measures such as M1 and M2 enjoyed a relatively brief period of fame and glory just after the pandemic. Read more
18 Apr 2024 Event Replay Spotlight on ESG: Banking on change when it comes to Fossil Fuel Financing On this webinar in our Spotlight on ESG series, Johnathan Owen, Portfolio Management discussed fossil fuel financing and how we engage with banks on this subject. Watch now
18 Apr 2024 TwentyFour Blog Volatility resurfaces this week Volatility made an unwanted come back this week. A combination of rising tensions in the Middle East, strong Consumer Price Index (CPI) and labour market data in the US in previous days, and markets that looked somewhat expensive in certain sectors, all conspired to cause a widening in spreads and a correction in equity prices. Read more
12 Apr 2024 TwentyFour Blog European banking stocks - flying! The Additional Tier 1's product was first launched in early 2013, so the asset class has mostly seen the period of negative interest rates and challenging operating environment post the Euro zone crisis. Read more
11 Apr 2024 TwentyFour Blog CPI surprises again on the upside The US Consumer Price Index (CPI) surprised on the upside for the third month in a row. There was nowhere to hide in the release with a majority of sub categories and sub aggregates posting worse numbers than expected. Read more
3 Apr 2024 TwentyFour Blog Eventful few weeks in European high yield It has been an eventful few weeks in the European high yield market. After waiting a long time for a bus to come along, three have come along at once. Read more
2 Apr 2024 TwentyFour Blog Q1 recap: macro drivers and fixed income performance Quarter ends are always a useful time to take a step back and assess what the main macro drivers during the quarter were, which trades worked and which did not and to refresh macro views for the next period. Read more