Investment Grade Quarterly Update – January 2023

The US Treasury Department surprised markets yesterday afternoon by announcing an increase in its buyback operations, which will “at least double” to $4bn, from 9 September to 4 November.

La estrategia Multi-Asset Credit de TwentyFour se basa en un enfoque de tres pilares centrado en las rentas, el valor relativo y un alfa diferenciado. Esto permite a nuestros gestores de activos emplear una asignación dinámica para tratar de lograr sólidas rentabilidades ajustadas al riesgo en el crédito global.

Los activos de crédito registraron un buen comportamiento en general en la primera mitad de 2026, a pesar de la volatilidad periódica impulsada por la guerra en Irán y las preocupaciones en torno a la disrupción de la IA y al crédito privado.

TwentyFour Asset Management’s Gordon Shannon reflects on a quarter shaped by geopolitical tensions, government bond volatility and shifting central bank expectations.

TwentyFour Asset Management’s Diva Bashay reflects on a quarter which tested market sentiment through geopolitical tensions, shifting interest rate expectations and UK political developments.

TwentyFour Asset Management’s Elena Rinaldi reflects on a quarter in which Asset-Backed Securities (ABS) and Collateralised Loan Obligation (CLOs) markets demonstrated resilience despite heightened geopolitical and market volatility.