6 May 2025 TwentyFour Blog The state of play in fixed income after April turmoil April was one of the most volatile months across financial markets in recent memory, triggered by President Trump’s sweeping tariff announcement on April 2. Read more
4 Apr 2025 TwentyFour Blog The growing appeal of Significant Risk Transfer in private credit While much of the focus in private credit has been on direct lending, Significant Risk Transfer (SRT) is emerging as a compelling alternative. What began as a regulatory tool is now gaining traction with a growing investor base, as banks look to optimise capital and issuance reaches record highs. Read more
3 Apr 2025 TwentyFour Blog Reciprocal tariffs, but not as we know them “Liberation Day” has landed, and not with a whimper. In extraordinary scenes in the Rose Garden of the White House, President Trump held up a board outlining the level of tariffs the US will impose on countries around the world, and in most cases they were worse than worst-case expectations. Read more
13 Jan 2025 TwentyFour Blog Trump dunks on the NZBA with Wall Street exodus The Net Zero Banking Alliance (NZBA) has been the flagship climate initiative for banks to advertise their commitment to aligning their investment and lending portfolios with net-zero targets by 2050 or sooner. However, in recent weeks the NZBA has been hit with the withdrawal of all its major Wall Street banks. Read more
8 Jan 2025 TwentyFour Blog Busy primary shows fixed income’s strong technical backdrop It has been a busy start to 2025 in fixed income markets. After the Federal Reserve’s (Fed) hawkish December dot plot, which added fuel to a sell-off in rates last month, you might have thought primary market activity would be more cautious than both issuers and investors would have anticipated a month ago. Read more
10 Dec 2024 TwentyFour Blog Fixed Income 2025: Yields trump possibility of spread correction With a macro backdrop of falling rates and solid global growth, TwentyFour Asset Management's Eoin Walsh says fixed income investors can expect healthy total returns in 2025. Read more
25 Sep 2024 TwentyFour Blog How many credit cheerleaders are on the sidelines? The quantity of cash parked in money market funds has been at the forefront of investors’ minds for some time now. The surge of inflows for these short term risk-free instruments as rates rose was no surprise considering they now yield more than a single-B rated high yield corporate was offering just a few years ago. Read more
19 Sep 2024 TwentyFour Blog The cutting cycle begins Uncertainty is over, it was a 50 basis points (bps) move. As we mentioned in our previous blog, the most important take away from the Federal Open Market Committee (FOMC) meeting would be their assessment of the economy. Read more
17 Sep 2024 TwentyFour Blog Fed preview: Look beyond the size of the cut While the majority of headlines have concerned whether the Fed will do 25bp or 50bp to kick off its cutting cycle, we think this is only one part of the discussion – and not necessarily the most important one. Read more
27 Aug 2024 TwentyFour Blog Powell’s Masterplan allows for earlier intervention In his headlining speech at the Jackson Hole Economic Symposium, Federal Reserve (Fed) chair Jerome Powell’s message to the market was clear. Read more
14 Aug 2024 TwentyFour Blog US inflation makes case for (small) September rate cut Recent US Consumer Price Index (CPI) inflation data brought good news for investors and central banks. Read more
6 Aug 2024 TwentyFour Blog A couple of non-recessionary surveys With US economic data driving very large moves in the last few days, we think it is worth highlighting two data releases that were published yesterday. The Institute of Supply Management (ISM) Services and the Senior Loan Officer Survey spoke of an economy that is stronger than some of the recent price action might suggest. Read more