COVID credit performance in ABS
Marko Feiertag, Portfolio Manager, discusses the ABS credit performance during the COVID crisis.
Insights Topic
Asset Backed Securities
The impact of 'payment holidays' on RMBS
Partner and Portfolio Manager Douglas Charleston discusses the impact that 'payment holidays', have had on residential mortgage- backed securities.
What is a European CLO, and how do they work?
European collateralised loan obligations – or CLOs – are bonds issued to fund a specific and diverse pool of corporate loans to firms of different sizes and in different industries all over Europe.
Fixed Income Festival 2020 – ABS Breakout session
Partner and Portfolio Manager Ben Hayward hosted a breakout session on the ABS stage where he provided an update on portfolio performance and his outlook for the ABS market.
Fixed Income Festival 2020 – Main stage
TwentyFour CEO Mark Holman provides a macro outlook before discussing his views on a critical US presidential election and how it could impact the economy and the markets.
The CLO Machine is Slowing Down
There are still plenty of potential bumps in the road (Brexit, the US election, COVID-19 developments and so on) but the positive technical created by dwindling supply has the potential to push spreads tighter in coming months.
Can ABS Close The Gap on Corporate Bonds?
We expect September to be relatively busy with new ABS deals, but there’s a very strong technical developing in favour of ABS and CLOs, which should help performance in the coming months.
Fixed vs. Floating: Where’s The Yield?
If floating vs. fixed is no longer the most pressing question, then investors should be more focused on where they get the best credit spread.
Asset-Backed Securities – Quarterly update – July 2020
Partner and Portfolio Manager Douglas Charleston discusses Q2 performance for Asset-Backed Securities and provides his outlook for the rest of 2020.
Asset-Backed Securities Update – 30th June 2020
Partners and portfolio managers Ben Hayward and Aza Teeuwen provide an update on the TwentyFour Income and TwentyFour Monument Bond Fund.
COVID-19 and European CLOs: What comes next?
Partner and Portfolio Manager Aza Teeuwen and Geoffrey Horton, CLO and Loan Strategist at Barclays discuss the impact of COVID-19 on the leveraged loan and CLO markets and how they expect this to develop in the rest of 2020.
RMBS Data Shed Light on UK Mortgage Holidays
The dust is beginning to settle in the UK economy, and we have been busy using granular RMBS data to assess the impact of mortgage payment relief (payment “holidays”), which the Financial Conduct Authority guided lenders to offer borrowers affected by COVID-19.