29 Jun 2022 TwentyFour Blog BB CLOs approaching 12% yield Aza Teeuwen explains how market moves have impacted BB CLOs and looks at historic trends analysing their behaviour during crisis scenarios. Read more
6 Jun 2022 TwentyFour Blog Has inflation peaked? Ask the housing market. Given inflation has been running hot for more than a year now, it was no surprise to see the recent dip in US data greeted with a muted sigh of relief across the markets. Read more
31 May 2022 TwentyFour Blog Value has returned to AAA CLOs We can debate whether the European Central Bank is behind the curve or not, but Christine Lagarde says rates will be in non-negative territory by September. Read more
24 May 2022 TwentyFour Blog What has driven yields higher – rates or credit? With investors having endured a painful period of rising yields in 2022, Mark Holman looks at whether rates weakness or credit spread widening has been most to blame. Read more
19 May 2022 TwentyFour Blog Just how healthy is the consumer? Consumers are being hit from seemingly all angles at the moment. Higher interest rates are coming, higher inflation is already hitting their pockets hard and economic growth is expected to slow. Read more
17 May 2022 TwentyFour Blog CLOs have the fundamentals to absorb recession As inflation continues to outstay its welcome in the global economy, we have previously discussed the impact of rising input costs on corporates and how crucial pricing power can be in such a challenging environment. Read more
13 May 2022 TwentyFour Blog Return of bond-equity correlations could offer respite for investors The broad-based sell-off that has faced investors since the start of this year has been all the more painful because of the breakdown in traditional correlations, which has put conventional hiding places out of reach. Read more
7 Apr 2022 TwentyFour Blog Why inflation risks are still tilted to the upside With inflation running at 40-year highs in many parts of the world, it is easy to get carried away with making comparisons to the dark economic days of the early 1980s. Read more
23 Mar 2022 TwentyFour Blog Is there value in floating rate bonds? Last week both the Fed and the BoE hiked rates by 0.25%, and judging by the Fed's dot plots and comments from the Bank of England (BoE), more hikes will likely follow in the coming months. Read more
22 Mar 2022 TwentyFour Blog Powell confirms Fed pivot is complete Officially the Fed pivoted from its ‘transitory’ inflation rhetoric in December last year. Read more
18 Mar 2022 TwentyFour Blog BoE sounds caution on the real economy The hawkishness of the Fed on Wednesday paved the way for the Bank of England (BoE) to follow suit. Read more
17 Mar 2022 TwentyFour Blog Wave of inflation means companies will sink or swim on pricing power Soaring inflation was already a dominant theme for markets coming into 2022. The sanctions imposed on Russia in response to its invasion of Ukraine have only exacerbated its expected rise, and pushed its expected peak further out. Read more