21 Jun 2023 TwentyFour Blog Of averages, medians and Fed funds rates Felipe Villarroel discusses the observations of the median long run rate and what this means for the neutral rate. Read more
21 Jun 2023 TwentyFour Blog Rainbows from Barca Last week Aza Teeuwen and our ABS team visited the Global ABS conference in Barcelona. One key discussion point in CLOs was around the lack of leveraged loan supply and the resultant sharp slowdown in the primary market Read more
16 Jun 2023 TwentyFour Blog Central Banks did not rock the boat In a week with several important releases and monetary policy decisions, what have we learnt? Read more
13 Jun 2023 TwentyFour Blog BBVA take a significant step forward for AT1s BBVA have announced they are issuing a new AT1. What does this mean for the market? Eoin Walsh believes this could be the catalyst investors have been waiting for to help AT1 spreads grind tighter. Read more
12 Jun 2023 TwentyFour Blog A busy week ahead for central banks What can we expect from central banks this week? Felipe Villarroel looks at how recent CPI prints in the Eurozone and in the United States are expected to influence upcoming central bank monetary policy decisions. Read more
8 Jun 2023 TwentyFour Blog European consumers not expecting a hard landing What have we learnt from the ECB’s Consumer Expectations Survey? Felipe Villarroel discusses how latest changes in the consumer’s expectations of the economy reflect that the ECB’s monetary policy is actually working. Read more
1 Jun 2023 TwentyFour Blog US debt - stuck in a vicious cycle In recent weeks the US debt ceiling has been dominating headlines with investors focused on the imminent threat of a US default which would be extremely unnerving for global markets. Johnathan Owen looks at the wider implications facing the US economy. Read more
30 May 2023 TwentyFour Blog Blurred Lines There has been a noticeable pick up in the European ABS new issuance market this year, with demand far outstripping supply. John Lawler looks at what makes a UK RMBS deal ‘Prime’, and why not all deals are the same. Read more
26 May 2023 TwentyFour Blog Stubborn inflation, cheaper gilts Following higher than expected inflation data in the UK, Gordon Shannon looks at the knock on effects within the Gilt market and the increased pressure on the Bank of England. Read more
25 May 2023 TwentyFour Blog Fed minutes: A tale of two camps What do the release of the Fed minutes tell us about the forward path for monetary policy? Danny Zaid argues that for market participants looking for clarity, the minutes, provide more questions than answers. Read more
22 May 2023 TwentyFour Blog Prime on the menu Last week saw three UK Prime RMBS deals served up to ABS investors, the most liquid part of the European ABS market. In our latest blog we hear from Douglas Charleston who analyses these recent deals and what it means for this market segment. Read more
18 May 2023 TwentyFour Blog The EBA says a little and a lot Two months have now passed since the Swiss regulator’s decision to controversially write down Credit Suisse AT1s. Dillon Lancaster looks at possible European Banking Authority reforms and what it means for the sector? Read more