The TwentyFour Blog
Helping investors navigate fixed income markets through timely insights and expert analysis from TwentyFour’s investment team.
Are 30-year Gilts at 6% cheap enough yet?
Since the Federal Reserve (Fed) told us in April 2021 that inflation was merely “transitory”, we have been generally underweight duration versus our benchmarks on the Investment Grade desk at TwentyFour, and especially so for our Corporate Bond Fund, which has many long-dated bonds in its index given its “all maturity” mandate.
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Insights
Are 30-year Gilts at 6% cheap enough yet?
Since the Federal Reserve (Fed) told us in April 2021 that inflation was merely “transitory”, we have been generally underweight duration versus our benchmarks on the Investment Grade desk at TwentyFour, and especially so for our Corporate Bond Fund, which has many long-dated bonds in its index given its “all maturity” mandate.
Replay: CLOs in focus - resilient income, diversified returns
As investors navigate a more uncertain market environment, we believe Collateralised Loan Obligations (CLOs) continue to offer compelling opportunities, underpinned by strong technical demand, an expanding opportunity set and more favourable regulatory support.
High yield pricing and covenants test investor demand
September’s surge in high yield (HY) issuance tested the limits of investor appetite in an evolving market.
ABS: Why it can pay to stay floating
It has been another strong year for European asset-backed securities (ABS), and securitised markets have looked through the recent rates volatility well, with spreads broadly stable across the capital structure in Q3 2026.
French banks caught in crossfire, but fundamentals are solid
France has been the primary focus of the European rates markets in the past week, with domestic political risk and debt concerns adding to a general sell-off across government bonds.
Markets vs. macro: Follow the fundamentals in fixed income
Fixed income investors have had to adjust to a dramatic shift in market conditions as the year has evolved.
InPost puts bondholder protections to the test
E-commerce platform InPost has entered the European high yield (HY) market this week with a new seven-year senior secured bond as part of a €3bn financing package to help fund its acquisition by an Advent led consortium.
Are bond market technicals better than price action suggests?
Looking at the sharp moves in government bond markets in recent days, one would be forgiven for thinking we are seeing some level of forced selling that is pushing valuations lower.
Markets can’t rely on midterms to change course of Iran war
Prediction markets suggest the Democrats are capable of gaining a majority in both the Senate and the House of Representatives at the US midterm elections on November 3, with Polymarket putting the chance of a “sweep” at 64% as of Friday morning.