Top articles

  • What are AT1 bonds, and how do they work?
  • Credit Suisse’s chunky coupon a sign of the times
  • What has driven yields higher – rates or credit?
  • Has inflation peaked? Ask the housing market.
  • CLOs have the fundamentals to absorb recession
  • Value has returned to AAA CLOs
  • Just how healthy is the consumer?
  • ABS spreads are pricing in a lot of downside
  • Global ABS: A cloudy outlook from sunny Barcelona
  • BB CLOs approaching 12% yield

Client units

  • Wealth Management
  • Asset Management
  • Digital Investing

Quick links

  • Vontobel Wealth
  • derinet
  • deritrade
  • cosmofunding
  • EAMNet
  • EAMNet (Services)
TwentyFour AM
Financial Intermediary
  • Funds
    Funds
    We are an asset management company and we specialise in fixed income, nothing else. This fixed income specialist focus means that all our resources and people are managing one asset class with no distractions.

    Read more

    Asset-Backed Securities (ABS)
    Investment Grade
    Multi-Sector
    Sustainable
    Closed-Ended
    Segregated Portfolios
    Prices & Performance
    How to Invest
  • Sustainability
    Sustainability
    At TwentyFour, environmental, social and governance (ESG) analysis is integral to our primary goal of delivering capital preservation and performance to our clients.

    Read more

    Our Sustainable Funds
    UK Stewardship Code
    Our Responsible Investment Policy
    Our ESG Insights
  • Insights
    Low issuance – a sign of strong fundamentals?
    The US high yield market has experienced the third lightest month in terms of new issue flows since the Global Financial Crisis. Chris Holman explains what this means for default rates going into the second half of the year.

    Read more

    All insights
    The TwentyFour Blog
    Market updates
    Video hub
    Events
    Whitepapers
  • About us
    About TwentyFour
    We are specialists in fixed income, headquartered in the City of London and a boutique of the Swiss based Vontobel Group.

    Read more

    About TwentyFour
    Corporate Social Responsibility
    News
    Contact us
Search insights

Insights Topic

US

Low issuance – a sign of strong fundamentals?
TwentyFour Blog | Read | 2 min 30 Jun 2022 by Chris Holman

Low issuance – a sign of strong fundamentals?

The US high yield market has experienced the third lightest month in terms of new issue flows since the Global Financial Crisis. Chris Holman explains what this means for default rates going into the second half of the year.

Read more

Can investment grade be a safe harbour in stormy markets?
TwentyFour Blog | Read | 3 min 28 Jun 2022 by Johnathan Owen

Can investment grade be a safe harbour in stormy markets?

At this stage in the economic cycle investors may need to think about ways to protect their portfolios while providing strong relative value. Johnathan Owen explains why short dated investment grade can offer exactly that in his latest blog.

Read more

Treasuries to stabilise amid aggressive Fed hiking
TwentyFour Blog | Read | 2 min 27 Jun 2022 by Mark Holman

Treasuries to stabilise amid aggressive Fed hiking

With Fed rate hikes continuing and the economy progressing into late cycle stages, Mark Holman presents his expectations from the Fed going into the second half of the year and explains why he believes Treasuries can provide the protection investors may need.

Read more

Will high yields stay high? Teaser
TwentyFour Blog | Read | 2 min 23 Jun 2022 by Pierre Beniguel

Will high yields stay high?

For all of these observations, there is one common observation – yields did not stay at these high levels for very long.

Read more

Has inflation peaked? Ask the housing market.
TwentyFour Blog | Read | 4 min 6 Jun 2022 by David Norris

Has inflation peaked? Ask the housing market.

Given inflation has been running hot for more than a year now, it was no surprise to see the recent dip in US data greeted with a muted sigh of relief across the markets.

Read more

Food for thought from the Fed
TwentyFour Blog | Read | 2 min 26 May 2022 by Eoin Walsh

Food for thought from the Fed

The Federal Reserve minutes for meetings held on the 3-4th May were released last night, and for markets that have been beaten up by rates volatility, they provided some interesting takeaways.

Read more

Just how healthy is the consumer?
TwentyFour Blog | Read | 4 min 19 May 2022 by Felipe Villarroel

Just how healthy is the consumer?

Consumers are being hit from seemingly all angles at the moment. Higher interest rates are coming, higher inflation is already hitting their pockets hard and economic growth is expected to slow.

Read more

Even in recession, defaults will be lower than previous cycles Teaser
TwentyFour Blog | Read | 3 min 16 May 2022 by George Curtis

Even in recession, defaults will be lower than previous cycles

The vast majority of the high yield universe used the attractive funding conditions last year to term out their maturity profiles. In fact, 2022 maturities in both US and European high yield equate to just 1% of their respective indices.

Read more

How to prep your bond portfolio for recession image
Market Update | Read | 6 min 10 May 2022 by Mark Holman

How to prep your bond portfolio for recession

At the beginning of this year you would have struggled to find a single investment bank or asset manager (ourselves included) that thought owning 10-year US Treasuries (USTs) was a good idea.

Read more

The solace provided by a robust earnings season
TwentyFour Blog | Read | 2 min 4 May 2022 by Felipe Villarroel

The solace provided by a robust earnings season

Earnings season is now in full swing, and it has undoubtedly been eventful. During the first quarter, companies have had to navigate multiple obstacles, including surging commodity prices, hawkish central bank policies, a Russian invasion, further supply chain disruptions caused by lockdowns in China, and dwindling consumer confidence.

Read more

Multi-Sector Bond Quarterly Update – April 2022 Teaser
Market Update | Watch | 3 min 13 Apr 2022 by Eoin Walsh

Multi-Sector Bond Quarterly Update – April 2022

TwentyFour Partner and Portfolio Manager, Eoin Walsh, discusses market conditions in Q1 2022 and provides his outlook for the year ahead.

Watch now

Is a soft landing possible?
TwentyFour Blog | Read | 3 min 1 Apr 2022 by Mark Holman

Is a soft landing possible?

As this remarkable cycle rapidly progresses, thoughts have more recently turned to the chances of a US recession in 2023, and whether the Fed can somehow pull off a soft landing.

Read more

  • Load More
Follow us

Footer menu > twentyfour

  • Terms & Conditions
  • Privacy & Cookies
  • Regulatory
  • Glossary
  • Modern slavery statement
  • Preference Centre
Vontobel A boutique of Vontobel Asset Management

Welcome

Welcome to TwentyFour Asset Management LLP, an active asset manager in the fixed income market. In order to access tailored information please confirm the following:

If you're not from the United Kingdom or Ireland, click here to visit the Vontobel Asset Management website
Confirm Decline

Vontobel Asset Management website