20 Jun 2025 TwentyFour Blog Reform proposals bring fresh hope of deeper ABS market Blog posts about regulation rarely trouble our most-read charts, but on this occasion we think the payback on time invested looks more compelling. Read more
18 Jun 2025 TwentyFour Blog Watching spreads and structures as ABS momentum builds Last week marked another record-breaking year for the securitisation industry as over 5,500 market participants gathered in Barcelona for the annual Global ABS conference, surpassing last year’s attendance and reflecting the growing momentum across both public asset-backed securities (ABS) and private asset-backed finance (ABF) markets. Read more
17 Mar 2025 TwentyFour Blog Record issuance shows growing appeal of Australian ABS Following the introduction of the European Union’s securitisation regulations in 2013, the Australian securitisation market initially lagged behind in aligning with European investors’ standards. Over the past decade, however, the market has undergone significant changes and recent record issuance shows investors are increasingly seeing the opportunity in Australian ABS. Read more
28 Jan 2025 TwentyFour Blog CLO popularity growing but secondary could offer better value It has been two weeks since the primary market for collateralised loan obligations (CLOs) re-opened and 2025 has already proven to be quite a year from multiple angles. Read more
10 Dec 2024 TwentyFour Blog Fixed Income 2025: Yields trump possibility of spread correction With a macro backdrop of falling rates and solid global growth, TwentyFour Asset Management's Eoin Walsh says fixed income investors can expect healthy total returns in 2025. Read more
9 Dec 2024 TwentyFour Blog A difference of opinion in US and European CLOs Last week, members of TwentyFour’s asset-backed securities (ABS) portfolio management team were in Dana Point, California for the Opal Group CLO Summit, an annual event with over 2,000 participants made up of investors, bankers, CLO managers, service providers and lawyers. Read more
2 Sep 2024 TwentyFour Blog Can we complain about ABS supply? The start of the school year ordinarily also marks the end of summer for the primary bond markets as issuance restarts, though this year feels rather different. Read more
23 Jan 2024 TwentyFour Blog Volkswagen’s ESG drive hits a bump in the road Within the European ABS landscape, Volkswagen Leasing has solidified its role as a benchmark issuer under the Volkswagen Compartment Leasing (VCL) platform. Volkswagen uses this platform – with over 25 years of history – to finance standard German auto loans. It is probably one of the least exciting platforms but also one of the most liquid ABS investments you can buy. Read more
20 Dec 2023 TwentyFour Blog Beyond The Subprime Crisis: Decrypting the European and US RMBS Markets The tightening of monetary policy has given rise to concerns about the health of mortgage markets due to higher interest rates , leading to questions about the expected resilience of residential mortgage-backed securities (RMBS). Read more
7 Dec 2023 TwentyFour Blog 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. Read more
21 Jun 2023 TwentyFour Blog Rainbows from Barca Last week Aza Teeuwen and our ABS team visited the Global ABS conference in Barcelona. One key discussion point in CLOs was around the lack of leveraged loan supply and the resultant sharp slowdown in the primary market Read more
22 May 2023 TwentyFour Blog Prime on the menu Last week saw three UK Prime RMBS deals served up to ABS investors, the most liquid part of the European ABS market. In our latest blog we hear from Douglas Charleston who analyses these recent deals and what it means for this market segment. Read more