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 our latest webinar, "The duration deliberation - to extend or not to extend?", 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
16 Apr 2024 Market Update Multi-Sector Bond Quarterly Update – April 2024 George Curtis, Portfolio Management, discusses the Multi-Sector Bond team's performance in Q1 2024, highlighting the improved clarity in deciphering central bank actions. With an anticipated central bank rate cut as the next move, the team remain confident in navigating the market's developments. Watch now
16 Apr 2024 Market Update Investment Grade Quarterly Update – April 2024 Following the aggressive rates rally at the end of 2023, Q1 saw notable gains, with inflation surpassing expectations. Johnathan Owen, Portfolio Management, highlights a more promising inflation outlook and its implications for the Investment Grade team. Watch now
16 Apr 2024 Market Update Asset-Backed Securities Quarterly Update – April 2024 Douglas Charleston, Partner & Portfolio Management, concludes the first quarter in 2024 for the Asset-Backed Securities team, noting that while major economies remain resilient, the rates markets have undergone significant shifts, with central banks reassessing their rate cut expectations. Watch now
4 Mar 2024 TwentyFour Blog One year on from the collapse of Credit Suisse - and what a year it has been for AT1s Almost a year ago to the day, we were in the midst of banking sector turmoil, which started off with regional banks in the US and spilled over to Europe, eventually culminating in the forced merger between Swiss banks UBS and Credit Suisse. Read more
1 Feb 2024 TwentyFour Blog ‘Let’s be honest, this is a good economy’: the Fed’s comments unpicked Yesterday was an eventful day for markets. We started off with inflation data in Europe, followed by an earnings release by New York Community Bank that showed large provisions in their commercial real estate loan book, before moving onto the Fed’s Federal Open Market Committee meeting Read more
26 Jan 2024 Market Update Asset-Backed Securities Quarterly Update – January 2024 Aza Teeuwen reflects on a busy quarter for the Asset-Backed Securities team, highlighting the primary deals and trading that occurred all the way through the quarter until the end of December, the performance of ABS for the quarter, and his confidence that ABS is in a good position to carry its strong momentum into 2024. Watch now
26 Jan 2024 Market Update Multi-Sector Bond Quarterly Update – January 2024 Dillon Lancaster provides an update on the recent events which occurred during Q4 2023, highlighting the volatility in the treasury market which dominated the beginning of the fourth quarter, and the turnaround in November, which saw US inflation fall below expectations and labour data weaken. Watch now
26 Jan 2024 Market Update Investment Grade Quarterly Update – January 2024 After a tumultuous year for fixed income, government bond markets were finally delivering a story of falling inflation in Q4 2023. In our Investment Grade quarterly update, Gordon Shannon reflects on Q4, and in particular the month of December which proved to be one of the strongest months of the year, as hopes of multiple rate cuts in 2024 were accelerated. Watch now
12 Jan 2024 Market Update 2024: a new year for European ABS Douglas Charleston, believes 2024 will continue to provide the carry that has been so welcome, but see market growth and diversity continuing to make European ABS increasingly scalable. Watch now
12 Jan 2024 Market Update European ABS Outlook 2024 2023 proved to be a second year where European ABS gave investors the strongest returns in fixed income with the benefit of very low volatility. As risk-free rates grew to what we expect to be the peak, income was maximised whilst the various market pivots on rates came and went in the rear view mirror. Read more