25 Jul 2019 TwentyFour Blog Slim Premiums a Signal for Caution in High Yield Over the past few weeks there has been a noticeable increase in high yield new issuance, bringing a welcome flurry of activity to what has so far been a relatively benign year. Read more
19 Jul 2019 TwentyFour Blog PIC’s RT1: The Brexit Premium in Practice The UK’s political situation, and in particular the harder Brexit stance of the frontrunner for next prime minister, Boris Johnson, has provided the market with a steady stream of headlines over the past few weeks. As a direct consequence sterling is close to 6% off recent highs and domestic credit spreads have also underperformed their European and US peers. Read more
21 May 2019 Viewpoint How to Build a High Conviction Bond Portfolio TwentyFour CEO Mark Holman explains how high conviction thinking runs right through the firm’s investment process, and why he believes a concentrated, flexible portfolio is critical to combatting the unique challenges facing fixed income markets today. Read more
12 Dec 2018 Viewpoint Fixed Income: This time next year... With so much going in the markets, we decided to delay our 2019 outlook slightly, in order to meet with as many analysts and strategists as possible and ensure we had time to sensibly comprehend the recent turmoil. Recapping 2018 has not been an enjoyable exercise, but an important one if we are to move ahead with the right lessons and expectations for the coming year. Read more
16 Nov 2018 Viewpoint Meet TwentyFour's Strategic Income team We hear from the portfolio managers about how their fixed income specialism gives them a unique insight into global bond markets. Watch now
10 May 2018 TwentyFour Blog STS Revisions Fall Short of Game-changing Last year we wrote about the forthcoming "STS" (Simple, Transparent and Standardised) regulation for securitisation, designed in part to harmonise eligibility and capital charges for ABS across the wider regulatory landscape. Read more
16 Mar 2018 TwentyFour Blog Roll Down explained Several times this year we have discussed the benefits of “roll down” in an environment that for fixed income investing is particularly unfriendly. We believe roll down gains will be one of the best ways to protect portfolios in 2018 from the rising rate curves that we have been experiencing so far. Read more