Points sur les marchés

With elevated yields and inflation expected to come back to target, we think investors can target a level of real return that was extremely difficult to achieve in the previous cycle.

Watch the latest update by our Head of Quantitative Investments Andrea Gentilini for the latest trends affecting our systematic investment approach.

Watch the latest video update by our Quantitative Investments Head of Macro Research Investments Sven Schubert

George Curtis from the Multi-Sector Bond (MSB) team at TwentyFour Asset Management reflects on the third quarter of 2024 and its impact on credit and equity markets. Despite some mid-quarter volatility, overall performance remained strong, with government bonds leading the way.

Chris Bowie at TwentyFour Asset Management describes the third quarter of 2024 as a significant turning point in fixed income markets, marked by the Federal Reserve (Fed) cutting interest rates by 50 basis points (bps) for the first time in many years. This followed an earlier 25bp cut by the Bank of England (BoE), setting the scene for further rate cuts over the coming years.

As the third quarter of 2024 comes to a close, TwentyFour Asset Management's Aza Teeuwen reflects on what this has meant for the Asset-Backed Securities (ABS) team. Not only were volumes across European ABS elevated throughout July and August, we also saw €34 billion in primary issuance – a significant increase from previous years.

Avec l’apparition de fissures dans l’économie américaine, nombreux sont ceux qui se demandent si le resserrement des spreads des obligations d’entreprises ne fragilise pas les investisseurs. Les bilans des entreprises restant solides et les rendements des obligations de qualité supérieure intéressants, maintenir ses investissements dans le crédit devrait rester profitable aux investisseurs.

Companies and countries are transforming the $1tn installed base of traditional data centers into AI factories, creating a compelling investment opportunity for infrastructure investors. Many technology companies have a dual mandate in achieving this transformation: harness enough electricity to reliably power their data centers while doing so with clean energy.

Uncertainty is over, it was a 50 basis points (bps) move. As we mentioned in our previous blog, the most important take away from the Federal Open Market Committee (FOMC) meeting would be their assessment of the economy.