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  • What are AT1 bonds, and how do they work?
  • Credit Suisse’s chunky coupon a sign of the times
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  • Has inflation peaked? Ask the housing market.
  • CLOs have the fundamentals to absorb recession
  • Value has returned to AAA CLOs
  • Just how healthy is the consumer?
  • Global ABS: A cloudy outlook from sunny Barcelona
  • ABS spreads are pricing in a lot of downside
  • BB CLOs approaching 12% yield

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Insights Topic

Asset-Backed Securities

BB CLOs approaching 12% yield
TwentyFour Blog | Read | 3 min 29 Jun 2022 by Aza Teeuwen

BB CLOs approaching 12% yield

Aza Teeuwen explains how market moves have impacted BB CLOs and looks at historic trends analysing their behaviour during crisis scenarios.

Read more

Global ABS: A cloudy outlook from sunny Barcelona
TwentyFour Blog | Read | 5 min 22 Jun 2022 by Aza Teeuwen

Global ABS: A cloudy outlook from sunny Barcelona

After two COVID-hit years last week the European ABS market decamped once again to Barcelona for the 26th annual AFME & IMN Global ABS conference.

Read more

ABS spreads are pricing in a lot of downside
TwentyFour Blog | Read | 3 min 20 Jun 2022 by Douglas Charleston

ABS spreads are pricing in a lot of downside

In fast-moving markets there is no perfect time to provide an update on valuations.

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The Early Bird Catches the MPR Worm
TwentyFour Blog | Read | 2 min 13 Jun 2022 by Charles Dennis

The early bird catches the MPR worm

Inflation rates have been rising for over a year now. While the increasing levels may eventually moderate, inflation is still likely to be with us for some time, especially with the Russian invasion of Ukraine exacerbating post-Covid supply constraints.

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Value has returned to AAA CLOs
TwentyFour Blog | Read | 3 min 31 May 2022 by Aza Teeuwen

Value has returned to AAA CLOs

We can debate whether the European Central Bank is behind the curve or not, but Christine Lagarde says rates will be in non-negative territory by September.

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CLOs have the fundamentals to absorb recession
TwentyFour Blog | Read | 3 min 17 May 2022 by Elena Rinaldi

CLOs have the fundamentals to absorb recession

As inflation continues to outstay its welcome in the global economy, we have previously discussed the impact of rising input costs on corporates and how crucial pricing power can be in such a challenging environment.

Read more

Growing CRE ABS offers diversification and yield Teaser
TwentyFour Blog | Read | 4 min 20 Apr 2022 by Pauline Quirin

Growing CRE ABS offers diversification and yield

CRE ABS offers conservatively structured debt features, with generally short duration exposure and a spread premium rewarding the more intensive underwriting and due diligence required.

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Asset-Backed Securities Quarterly Update – April 2022 Teaser
Market Update | Watch | 5 min 13 Apr 2022 by Elena Rinaldi

Asset-Backed Securities Quarterly Update – April 2022

TwentyFour Portfolio Manager, Elena Rinaldi, explains how European ABS markets behaved in Q1 2022 and provides her outlook for the year ahead.

Watch now

UK sub-prime lending raises ESG concerns
TwentyFour Blog | Read | 2 min 4 Apr 2022 by Aza Teeuwen

UK sub-prime lending raises ESG concerns

Last week Oodle Financial Services successfully priced its fifth UK Auto ABS transaction, Dowson 2022-1.

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Is there value in floating rate bonds?
TwentyFour Blog | Read | 4 min 23 Mar 2022 by Aza Teeuwen

Is there value in floating rate bonds?

Last week both the Fed and the BoE hiked rates by 0.25%, and judging by the Fed's dot plots and comments from the Bank of England (BoE), more hikes will likely follow in the coming months.

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Market Update | Read | 5 min 8 Feb 2022 by Gordon Shannon

Why central bank policy errors should be top of your 2022 worry list

With inflation soaring and the economic recovery looking more fragile, we look at three famous central bank policy errors to demonstrate why they can be so dangerous for investors, and consider how a fixed income portfolio can be strengthened against the risk.

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The CLO factory pauses for breath
TwentyFour Blog | Read | 3 min 2 Feb 2022 by Elena Rinaldi

The CLO factory pauses for breath

The first month of 2022 has passed, and it’s been quite a roller coaster for broader equity and credit markets, with volatility climbing to its highest level since January 2021.

Read more

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