TwentyFour Blog | Read | 3 min 21 Jun 2023 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
TwentyFour Blog | Read | 2 min 22 May 2023 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
TwentyFour Blog | Read | 3 min 16 May 2023 French CMBS deal repaid in full: A beacon of hope for struggling commercial real estate sector Given the current macro environment, Pauline Quirin believes loans with near term maturities provide a useful insight into where risk lie. Read more
TwentyFour Blog | Read | 3 min 30 Mar 2023 Funding, capital and ABS as financial market stability tool Douglas Charleston looks at the wider implications of recent bank sector volatility and the opportunities it presents for credit investors. Read more
TwentyFour Blog | Read | 3 min 31 May 2022 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
Market Update | Read | 9 min 18 Jan 2022 European ABS: Five things to expect in 2022 With inflation and rate hikes dominating market discourse, we expect floating rate assets such as ABS and CLOs to benefit from increasing demand in 2022. Read more
TwentyFour Blog | Read | 5 min 6 Jan 2022 Voting rights and the myth of future proofing documentation As we enter the New Year, we say goodbye to an old “friend” that has accompanied us (for better and for worse) since the inception of the UK ABS market in the late 1980s – Sterling LIBOR. Read more
Market Update | Read | 4 min 12 Nov 2021 Thinking in 3D: credit investing through the cycle Eoin Walsh explains how bond investors can use the three dimensions of credit – amount, quality, duration – to help maximise or protect returns through different stages of the economic cycle. Read more
TwentyFour Blog | Read | 4 min 28 Oct 2021 Is There Value in Student Housing CMBS? With a student housing CMBS deal recently brought to market, Kevin Law evaluates the sector’s outlook in the aftermath of COVID-19 Read more
TwentyFour Blog | Read | 3 min 13 Sep 2021 How do ABS and CLO Investors Trade Bonds? BWIC – or bids wanted in competition – lists, are a unique characteristic of the ABS and CLO markets, where they are widely used in secondary trading when investors are looking to sell bonds. Read more
TwentyFour Blog | Read | 3 min 18 Aug 2021 German Multifamily CMBS – HAUS or BRIDGE? Last week, Morgan Stanley successfully brought the first public German Multifamily CMBS deal (HAUS - Eloc 39) to market since 2013. Despite coming to the market in the middle of the summer, the deal has attracted strong demand across the capital stack. Read more
TwentyFour Blog | Read | 3 min 4 Aug 2021 The End of the Road for Petrolheads We can model all kinds of credit risk as long as there is enough protection in the structure for investors to get comfortable with a degree of residual value risk. Read more