
TwentyFour Sustainable Global Corporate Bond Fund Webinar - June 2025
Partner, Co-Head of Investment Grade, Gordon Shannon hosted a webinar on Tuesday 3 June 2025 where he provides insights into the key macroeconomic themes shaping fixed income markets and how these factors influence the fund’s positioning.

ECB preview: Is this the bottom for monetary policy rates?
The European Central Bank (ECB) will be alone this week in delivering its latest monetary policy decision, with the next Federal Reserve, Bank of England and Bank of Japan meetings not until the week commencing June 16.

JGBs: are rising yields a risk to insurers?
Over the last couple weeks, we have seen an ongoing increase in government bond yields across the major global economies, with a particular focus on Japan as yields on longer dated Japanese government bonds (JGBs) have moved sharply higher.

Reaction to eventful Monday bodes well for markets
Monday was a somewhat eventful day for markets with several headlines in the US and Europe. Risk assets did not necessarily reflect the eventfulness of the day, finishing virtually unchanged, while rates had a volatile day that ultimately produced a sizeable rally.

Flash Fixed Income: Are markets complacent on tariff risks?
The question for investors now is how much of the macro risk remains, and how well that risk is being reflected in asset valuations.

US Autos: a bottom-up view of tariffs and the macro
Thus far in 2025, the prevailing and overriding topic of conversation amongst economists and market participants has been tariffs and what they might mean for the global macro outlook.

European banks bullish despite tariff uncertainty
European banks are coming to the end of the Q1 2025 reporting season, and on the surface there are multiple headwinds to contend with.

What does UK deal tell us about tariffs?
With much fanfare, President Trump and Prime Minister Starmer announced a “historic” trade deal between the US and UK on Thursday. The main points for the UK are a reduction in auto tariffs from 27.5% to 10% for the first 100,000 cars that enter the US, and the removal of steel and aluminium tariffs.

TwentyFour strengthens Asset-Backed Securities team
TwentyFour Asset Management is pleased to announce that Melania Maffei has joined its Asset-Backed Securities (ABS) team.

The state of play in fixed income after April turmoil
April was one of the most volatile months across financial markets in recent memory, triggered by President Trump’s sweeping tariff announcement on April 2.

Was negative US growth actually negative?
The Bureau of Economic Analysis (BEA) published its first estimate for Q1 US GDP growth, which at -0.3% was slightly worse than the Bloomberg consensus of -0.2% on a quarter-on-quarter (QoQ), seasonally adjusted, annualised basis.

Lottomatica reopens high yield for right names
The high yield bond market reopened in Europe last week after a three-week hiatus triggered by the US tariffs fallout. Aside from a private placement by Very Group on April 10, the last public European high yield deal was from UK homebuilder Miller Homes on March 31, so we were interested to see how the first post-tariffs deal would be received.
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