TwentyFour
Why the bond rally means staying in cash could cost you even more
The direction of monetary policy rates going forward is more clear, following the Federal Reserve's release of its new summary of economic projections and the dovish remarks of Jerome Powell.
TwentyFour
Squeezed: The upshot of the Fed’s quantitative tightening program
Following October’s encouraging US CPI report and the subsequent comments from Federal Reserve officials, financial markets now anticipate that the Fed has completed its rate hiking cycle having reached terminal rates.
TwentyFour
China: It is now imperative the government sorts out its problems
The Chinese economy has experienced a lot of volatility in 2023.
TwentyFour
Fixed Income outlook 2024: strong returns ahead
After a horrible year for financial markets in 2022, the macro-outlook for 2023 had a lot of consensus views, with most predicting a much better year ahead, helped by supportive rate cuts from central banks and positive returns from both government bonds and credit.
TwentyFour
First cut now in sight as interest-rate hikes come to an end
The cuts are coming as the cycle of interest-rate hikes ends. In his latest blog, George Curtis discusses how falling inflation, weaker job reports, and signs of a European recession are reshaping expectations for interest rates.
TwentyFour
Ford’s upgrade helps the US high-yield market to motor
Ford reclaims its investment-grade status after almost four years in high-yield territory. Chris Holman's latest blog reveals why this isn’t just a win for the car company and will have a positive impact on the entire US high-yield market.
TwentyFour
TwentyFour Advent Calendar 2023
The TwentyFour Advent Calendar is a collection of 24 stats telling the story of fixed income and markets this year. The calendar covers everything from interest-rate rises and record bond issuance to falling house prices and disappearing banks.
TwentyFour
CLO metrics remain robust as leveraged loans beat expectations
Recently, our credit experts delved into the performance of the high-yield market, revealing how the maturity wall does not seem to be a significant challenge for most companies.
TwentyFour
Shop till you drop? What the holiday season tells us about US consumer health
As we dive into the festive season, recent retail sales hint at a mixed bag for US retailers. In his latest blog, David Norris tells us what it all means for the health of the consumer and guides us through the latest events.
TwentyFour
Good but not perfect: European and UK PMIs beat expectations
Yesterday unveiled the latest Manufacturing and Services PMIs in Europe, bringing a mix of economic news. Dive into the results with Felipe Villarroel as he looks at the numbers and what they mean for central banks in the battle against inflation.
TwentyFour
Far-right leader wins Dutch election but markets remain calm
The Dutch elections took an unexpected turn as it looks like Geert Wilders' Freedom Party (PVV) will gain 20 seats and become the largest party with 37 of 150 seats.
TwentyFour
Overcoming the US maturity wall is not as fraught as the headlines suggest
Despite concerns about a maturity wall, Chris Holman explains how research shows the high yield maturity profile in the US is less concerning. Overall, a focus on higher-rated bonds suggests a relatively healthy outlook for the primary market and a default rate in line with historical averages.