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
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
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. Read more
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. Read more
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. Read more
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
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. Read more
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
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. Read more
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. Read more
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. Read more
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