TwentyFour Asset Management Market Update Apr 14 2021 by Gordon Shannon Investment Grade – Quarterly update – April 2021 TwentyFour partner and portfolio manager Gordon Shannon looks at the developments we saw in investment grade credit in the first quarter of 2021 and provides his outlook for the rest of the year. Read more
TwentyFour Asset Management Market Update Apr 14 2021 by Douglas Charleston Asset-Backed Securities – Quarterly update – April 2021 TwentyFour AM partner and portfolio manager Douglas Charleston discusses how ABS markets have performed in the first quarter of 2021 and provides his outlook for the rest of the year. Read more
TwentyFour Asset Management TwentyFour Blog Apr 14 2021 by Gary Kirk Volatility in Rates Eased For Now This recent stability in the rates curve suggests to us that for now the market is listening to the Fed’s rhetoric and as a result the UST market feels better balanced. Read more
TwentyFour Asset Management TwentyFour Blog Apr 12 2021 by Eoin Walsh Negative ‘Bond’ Headlines Belie the Reality of Credit’s Strong Performance With treasury yields moving aggressively higher this year, anyone reading or listening to the financial press will have become very accustomed to headlines highlighting the negative performance of “Bonds”. Read more
TwentyFour Asset Management TwentyFour Blog Mar 30 2021 by Graeme Anderson Sustainability To the Fore as SFDR Kicks In There are many other aspects of SFDR to discuss and we expect the market to take some time to fully adjust. Read more
TwentyFour Asset Management TwentyFour Blog Mar 26 2021 by Pierre Beniguel A New Low for Investor Protection in Euro High Yield Primary deals launched in the European high yield market over the last two weeks have been diverse, and at times opportunistic. Read more
TwentyFour Asset Management TwentyFour Blog Mar 24 2021 by Elena Rinaldi Brass Builds Momentum in ESG ABS In terms of execution, it is difficult to assess any ‘ESG premium’ in Brass 10 given the overall strong demand, and in our view it’s still early to weigh the importance of a ‘social’ label for ABS investors. Read more
Asset Management Market Update Mar 22 2021 by Thomas Trsan Sustainable Investing Capital needs of water industry represent a compelling investment case Contrary to common beliefs, water is not a free and plentiful resource and innovative solutions are needed to address the most pressing issues: water scarcity and water contamination. Water pioneers are likely to attract attention from investors who are actively seeking out high-potential areas of development that most urgently require capital. Read more
TwentyFour Asset Management TwentyFour Blog Mar 18 2021 by Mark Holman The Fed Shows Little Resistance to Higher Yields The Fed maintained its dovish stance on Wednesday and offered very little in the way of resistance to the ongoing rise in US Treasury yields. Read more
TwentyFour Asset Management TwentyFour Blog Mar 17 2021 by Aza Teeuwen Green RMBS Is No STORM in a Tea Cup For most investors this deal would likely be considered a liquidity position, and at a spread of 15bp this is certainly not the sexiest proposition the European ABS market has to offer, but what is interesting about this latest instalment from the STORM platform is what makes the deal ‘Green’. Read more
TwentyFour Asset Management TwentyFour Blog Mar 16 2021 by David Norris Are Markets Getting Ahead of the Fed? The bear steepening of the US Treasury curve has undoubtedly been the story of 2021 so far for fixed income investors, many of whom will have felt the adverse impact of the broad rates sell-off on their portfolios. Read more
TwentyFour Asset Management TwentyFour Blog Mar 11 2021 by Douglas Charleston Inflation Concerns Put ABS in Focus For fixed income investors, we think floating rate European ABS bonds could be an allocation consideration to help improve return prospects and reduce volatility. Read more