Obbligazionario

You can now watch the replay of our webinar: A new world order? Where next for markets and Fixed Income?

The incoming German government’s removal of the country’s infamous “debt brake” is a serious pivot for the typically fiscally conservative country, and one that we think highlights the value on offer in European assets.

Rimaniamo cautamente ottimisti sui rendimenti obbligazionari. Rischi di coda elevati compromettono la fiducia nella propensione al rischio. Tuttavia, opportunità di alfa attendono ancora gli investitori attivi e consapevoli dei rischi. Chi cerca di prevedere il prossimo macro-cambiamento potrebbe sentir riecheggiare le parole di Luke Skywalker: «Questa vostra fiducia è la vostra debolezza».

La copertura del rischio valutario o di cambio è una decisione fondamentale per qualsiasi gestore di portafogli obbligazionari diversificati. Le valute sono intrinsecamente volatili, pertanto la decisione di gestire il rischio di cambio e la modalità prescelta possono incidere notevolmente sul profilo di rischio e rendimento del portafoglio.

Un nuovo ordine mondiale Trump 2.0. Nuova alba, nuovi rischi. Quali sono gli scenari più temuti dagli investitori in questo momento, e come influiscono sul reddito fisso dei ME?

Since the Federal Reserve first cut interest rates in September, we have seen the most aggressive rise in US Treasury yields of any cutting cycle over the past 40 years.

As the fourth quarter of 2024 comes to a close, TwentyFour Asset Management’s Douglas Charleston reflects on the past year’s events and explains why, in his view, the record supply of European ABS and CLOs in 2024 is likely to be matched in 2025.

In what has been a busy start to 2025, TwentyFour Asset Management’s Gordon Shannon looks back on the final quarter of 2024.

It has been a busy year in fixed income markets, with Q4 2024 proving to be a pivotal period marked by significant global events, including the US election. TwentyFour Asset Management’s Eoin Walsh looks at the path for interest rate cuts in 2025.

Will volatility in government bonds continue? Has fixed income seen “peak ESG”? And what will be the biggest driver of returns?

Global corporate bonds in 2025: Resilient fundamentals and robust demand meet evolving sectoral opportunities, while yield advantages endure amid macro uncertainties and shifting policies. Success in this dynamic market demands a sharp, active investment strategy to unlock value and navigate emerging trends.

Given modest interest rate cut projections, a stable if not stellar macro backdrop and better relative value than corporate credit, we think European ABS investors can expect another strong year of supply and returns in 2025.