Investment Grade Quarterly Update – January 2024

TwentyFour

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26 Jan 2024

After a tumultuous year for fixed income, government bond markets were finally delivering a story of falling inflation in Q4 2023.

In our Investment Grade quarterly update, Gordon Shannon reflects on Q4, and in particular the month of December which proved to be one of the strongest months of the year, as hopes of multiple rate cuts in 2024 were accelerated.

Gordon discusses the market’s current expectations of monetary policy easing and interest rate cuts from the Fed, ECB and BoE. However, warns that geopolitical risks, the uncertainty of the US economy, and the UK and Europe’s flirting with recession remain headwinds.

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About the author

Gordon Shannon

Gordon Shannon

Partner, Portfolio Manager

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Vontobel Fund - TwentyFour Absolute Return Credit Fund Vontobel Fund - TwentyFour Sustainable Short Term Bond Income

About the author

Gordon Shannon

Gordon Shannon

Partner, Portfolio Manager

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Banks Fixed Income Inflation Investment Grade Market Update Monetary Policy TwentyFour

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Based in London and New York, TwentyFour is a specialist active fixed income manager with a strong reputation for performance, expertise and innovation. Offering Multi-Sector, Investment Grade, Asset-Backed Securities and Sustainable strategies, TwentyFour targets the best risk-adjusted returns from across the global bond markets.

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