12 Jan 2024 Market Update 2024: a new year for European ABS Douglas Charleston, believes 2024 will continue to provide the carry that has been so welcome, but see market growth and diversity continuing to make European ABS increasingly scalable. Watch now
12 Jan 2024 Market Update European ABS Outlook 2024 2023 proved to be a second year where European ABS gave investors the strongest returns in fixed income with the benefit of very low volatility. As risk-free rates grew to what we expect to be the peak, income was maximised whilst the various market pivots on rates came and went in the rear view mirror. 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
1 Nov 2023 Market Update Why staying in cash could cost you 10% to 30% While bonds are once again finding their feet, investors have found themselves sitting on cash balances of 30% to 50%. This capital preservation trade has made perfect sense, but does it still make sense as we reach terminal rates? Read more
17 Oct 2023 TwentyFour Blog Today’s labour market numbers are good news for the Bank of England This morning the ONS published its monthly update on the UK labour market. Of all the G7 countries, the UK has had the most puzzling labour market dynamics post pandemic, as we discussed in a previous blog. Read more
11 Oct 2023 Market Update Speed is now of the essence in the bond markets After what can only be described as a relatively dire year for fixed income in 2022, during which spiralling inflation led to one of the most aggressive rate hiking cycles on record, we believe the market for bonds is now looking much healthier. Read more
27 Sep 2023 TwentyFour Blog That shrinking feeling: Money supply tightens as rate hikes feed through Following the recent publication of the European Central Bank's monthly “Monetary Developments in the Euro Area” report, Felipe Villarroel takes a deep dive into how this report evidences the impact that successive rate hikes are having on the economy Read more
22 Sep 2023 TwentyFour Blog Deals come thick and fast in European ABS after summer recess The European ABS market is making a strong comeback post-summer, witnessing two of the busiest weeks in over a decade, driven by robust demand. Read more
21 Sep 2023 TwentyFour Blog Fed rates held: Goldilocks is in the building Eoin Walsh shares his thoughts following last night's statement from the Federal Reserve, concluding that for now while treasury yields aren’t helping, credit looks attractive based on the rosy economic forecasts. Read more
13 Sep 2023 TwentyFour Blog Growing signs that the UK labour market is weakening The labour market has been one of the major headaches the Bank of England has had to deal with in their battle against inflation. Yesterday the ONS released their monthly labour market update and although some of those headaches’ causes are not abating, there are others that are actually showing signs of progress. Read more
31 Aug 2023 TwentyFour Blog How UK mortgages are weathering the storm? Pauline Quirin asks the question "How are UK mortgages weathering the storm?", exploring pre and post Global Financial Crisis mortgages and how the surge in rates has impacted the performance of UK RMBS. Read more
24 Aug 2023 TwentyFour Blog Poor PMI data weigh on soft landing narrative Felipe Villarroel shares his thoughts on the recently released preliminary PMI data, which he concludes is a reminder that the hiking cycle only started 18 months ago and there are lags that are yet to be felt in the real economy, reiterating some of his previous views. Read more