29 Aug 2025 Market Update Asset-backed finance: How does Europe stack up? The $5.2tr asset-backed finance (ABF) market represents a growing opportunity to gain exposure to high quality loan pools and the returns they can generate. Read more
22 Aug 2025 TwentyFour Blog Improving growth forecasts matter for markets On Thursday, markets received preliminary Purchasing Managers’ Index (PMI) figures for August. As a reminder, PMIs are timely indicators of trends in manufacturing and services, with a number above 50 signalling an expansion and below 50 a contraction. Read more
20 Aug 2025 TwentyFour Blog Allianz’s blockbuster RT1 underpinned by insurance fundamentals Restricted Tier 1 (RT1) investors have been woken from an otherwise sleepy summer after Allianz Group, one of the largest insurers and asset managers globally, brought a $1.25bn deal to the market on Tuesday. Read more
4 Aug 2025 TwentyFour Blog US labour market data busts benign macro narrative In describing how markets have been pricing risk in recent months, the word “complacent” has been uttered on multiple occasions. If that was your view, then Friday’s sharp risk-off move could be seen as a wake-up call, or at least evidence that investors are keenly watching for any change in the more benign macro story that has dominated recently. Read more
29 Jul 2025 TwentyFour Blog US corporate hybrids gain momentum after ratings shift The European corporate hybrid market has been established for some time. It is dominated by investment grade issuers seeking to raise capital with limited impact on their leverage ratios, thanks to rating agency treatment that classifies hybrids as 50% equity and 50% debt from a balance sheet perspective. Read more
28 Jul 2025 TwentyFour Blog US-EU deal welcome news in markets with little room for error The US and the European Union (EU) have reached a trade agreement, averting a worst-case scenario of a more damaging trade war. Read more
15 Jul 2025 Flash Fixed Income Flash Fixed Income: Forget tariffs, watch the US labour market The Trump administration’s immigration policy leaves the US labour market at a pivotal juncture. Read more
2 Jul 2025 Market Update European fixed income offers value, not just diversification The turbulent start to 2025 has sent many investors seeking alternatives to US assets, but in our view European fixed income can offer more than just diversification. Read more
24 Jun 2025 Flash Fixed Income Flash Fixed Income: Rates calm before the storm? Softer US economic data means the pressures on UST yields now look more balanced, but headlines around President Trump’s pick for the next Fed chair are just one reason investors should expect rates volatility to continue. Read more
17 Jun 2025 TwentyFour Blog Oil, Iran and why markets are staying calm Despite Israel and Iran exchanging fire for a fifth day, markets seem to be completely disregarding the possibility of this conflict mutating into something serious for the global economy. Read more
11 Jun 2025 Market Update Tariff turnaround resets the outlook for fixed income While tariffs have done meaningful damage to the economic outlook and raised volatility in rates markets, the softening of the US stance has restored confidence in credit returns for 2025. Read more
4 Jun 2025 TwentyFour Blog Section 899: A big, beautiful source of uncertainty for foreign investors? As markets digest and speculate about the implications of the Trump administration’s 1,000+ page One Big Beautiful Bill Act (OBBBA), new details are beginning to emerge. Read more