14 Sep 2022 TwentyFour Blog Rates volatility not quite over yet With US inflation data once again hammering markets, Mark Holman says that with US Treasury yields likely approaching their peak, a shift in sentiment for risk assets isn’t far away. Read more
31 Aug 2022 TwentyFour Blog 50 or 75? Across the board - both are live Dillon Lancaster evaluates the impact of Powell’s Jackson Hole speech on inflation and why he believes next month is set to be a very important period for central bank meetings. Read more
19 Aug 2022 TwentyFour Blog Europe vs. the US – it's just a question of value With Europe facing an energy crisis and the UK bracing for a five-quarter recession, a strong allocation bias to the US seems a no-brainer. However, George Curtis says that when looking at relative value in fixed income, the decision is never that simple. Read more
26 Jul 2022 TwentyFour Blog Upcoming US earnings season sheds light on the health of corporate America With earnings season entering full swing, David Norris highlights some indicators to look out for when assessing the current state of the US economy and the resulting actions expected from the Fed. Read more
19 Jul 2022 TwentyFour Blog US bank chiefs still like the consumer US banks remain bullish about the health of the consumer, but credit spreads are still pricing in not only a recession, but a fairly severe one. Are the banks wrong? Or have credit markets just backed up too far on negative fund flows? Read more
7 Jul 2022 TwentyFour Blog Two pieces of good news for investors on inflation With investors seemingly unwilling to put money to work until they see clear evidence of the inflation trend reversing, Felipe Villarroel looks at two developments that tentatively suggest central banks’ delicate balancing act is actually working. Read more
30 Jun 2022 TwentyFour Blog Low issuance – a sign of strong fundamentals? The US high yield market has experienced the third lightest month in terms of new issue flows since the Global Financial Crisis. Chris Holman explains what this means for default rates going into the second half of the year. Read more
28 Jun 2022 TwentyFour Blog Can investment grade be a safe harbour in stormy markets? At this stage in the economic cycle investors may need to think about ways to protect their portfolios while providing strong relative value. Johnathan Owen explains why short dated investment grade can offer exactly that in his latest blog. Read more
27 Jun 2022 TwentyFour Blog Treasuries to stabilise amid aggressive Fed hiking With Fed rate hikes continuing and the economy progressing into late cycle stages, Mark Holman presents his expectations from the Fed going into the second half of the year and explains why he believes Treasuries can provide the protection investors may need. Read more
23 Jun 2022 TwentyFour Blog Will high yields stay high? For all of these observations, there is one common observation – yields did not stay at these high levels for very long. 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
26 May 2022 TwentyFour Blog Food for thought from the Fed The Federal Reserve minutes for meetings held on the 3-4th May were released last night, and for markets that have been beaten up by rates volatility, they provided some interesting takeaways. Read more