22 Mar 2023 TwentyFour Blog How have AT1s traded this week The events that unfolded over the weekend were sure to make for some volatile trading sessions in the Additional Tier 1 (AT1) market this week. Read more
20 Mar 2023 TwentyFour Blog Rules of the game - from Swiss finish to finished Swiss regulators' decision to bail out Credit Suisse equity holders while wiping out AT1 debtholders will see long-term effects on bank debt markets and likely legal action says Eoin Walsh Read more
20 Mar 2023 TwentyFour Blog Bank of England joins the ECB on hierarchy The Bank of England joins the European Central Bank in stating that there is a clear hierarchy when it comes to a resolution or an insolvency scenario. Read more
15 Mar 2023 TwentyFour Blog Credit Suisse - In the eye of the storm Partner Eoin Walsh explores what the potential outcome of regulatory intervention for Credit Suisse could mean as negative headlines persist for the bank. Read more
6 Mar 2023 TwentyFour Blog Will bank lending change the ECB’s view on inflation? European banks’ tighter lending standards are chipping away at corporate loan volumes and adding to the uncertainty surrounding the ECB’s inflation projections due later this month, says Felipe Villarroel. Read more
14 Feb 2023 TwentyFour Blog UK consumer caution bad for growth, but good for bonds With UK consumers holding on to more of their pandemic-era savings than their US counterparts, Felipe Villarroel looks at what it means for bond investors. Read more
1 Feb 2023 TwentyFour Blog Discipline crucial amid surge in bond supply With banks and corporates breaking records for January bond issuance, Johnathan Owen looks at the drivers of the surge in supply and sounds a warning for investors on sharp pricing. Read more
5 Jan 2023 TwentyFour Blog Is pricing AT1s to call back in vogue? With the reopening of primary bond markets in Europe being met with strong demand, the AT1 market is seeing an overdue shift away from pricing to perpetuity, says Eoin Walsh Read more
6 Dec 2022 TwentyFour Blog The Rodney Blog 2023: A return to returns In our annual ‘Rodney Blog’, Eoin Walsh says that with rates now offering both yield and downside mitigation, and credit yields at near-decade highs, fixed income investors could enjoy strong returns in 2023 Read more
5 Dec 2022 TwentyFour Blog What everyone is talking about in Switzerland UBS announced a call of its low-reset 5% Additional Tier 1 (AT1) notes on Monday, showing call risk in the AT1 sector isn’t just a matter of economics, says Dillon Lancaster. Read more
1 Dec 2022 TwentyFour Blog Labour market the driving force for the Fed Following Chairman Powell’s speech last night, George Curtis looks at what the latest labour market data means for the Fed’s war on inflation. Read more
2 Nov 2022 TwentyFour Blog To call or not to call – who decides? With a surprising statement issued by the Australian regulator, Eoin Walsh looks at the wider implications for the calling of AT1 bonds Read more