6 Jan 2020 TwentyFour Blog Newell: Fallen Angel to Rising Star? Fixed income investors are well versed in the risks of ‘fallen angels’, investment grade companies whose bonds tumble in value once they are downgraded to high yield. Read more
20 Dec 2019 TwentyFour Blog New Regulation Likely to Hurt HY Liquidity The regulations governing market activity have been constantly evolving, but the ESMA directive implementing the Central Securities Depositories Regulation (CSDR) will potentially have quite an impact on traded credit. Read more
17 Dec 2019 TwentyFour Blog Carney to Leave UK Banks on Solid Ground The Bank of England (BoE) on Monday published its latest financial stability report and the results of its 2019 bank stress tests, and declared that the UK financial system is well prepared for even a worst-case Brexit and consequent trade war. Read more
16 Dec 2019 TwentyFour Blog CoreCivic Shows ESG Will Take No Prisoners "One group of issuers that appears vulnerable to us as we move into a new decade is those facing increased investor scrutiny due to Environmental, Social and Governance (ESG) factors. The case of CoreCivic, a listed REIT in the US, is a good example" Read more
13 Dec 2019 TwentyFour Blog What Next For Sterling Bonds? Overnight markets have had significant news to digest, with two of the major geopolitical hurdles that had been worrying investors being removed. Read more
11 Dec 2019 TwentyFour Blog European HY Default Rates Doubling No Reason to Panic "Where defaults get to exactly depends on a few things, but we can certainly analyse where we think the problem areas could be, whether cracks are already starting to appear, and what investors might do to protect themselves." Read more
9 Dec 2019 Outlook Fixed Income 2020: A Brave Old World Twelve months ago, as we wrote our annual review and forecast for 2019, backing 10-year German government bonds that were yielding just 0.24% at the time to perform would have been a brave call. Read more
4 Dec 2019 TwentyFour Blog Trade war volatility maintains grip on bonds By now investors should be getting used to the ever more frequent hiccups in the trade negotiations between the US and the rest of the world. Read more
26 Nov 2019 TwentyFour Blog Data decline eases for Germany and US "In some parts of the global economy, we might be seeing a bottom in terms of low activity levels." TwentyFour's Felipe Villarroel discusses the factors behind these improving trends. Read more
22 Nov 2019 TwentyFour Blog NIBC leading the way in ESG “NIBC, has been involved in ESG/CSR focused lending in Europe for some time, and is the first manager to issue what we might call an ESG CLO." Elena Rinaldi discusses why in terms of ESG, NIBC would receive a high score from us. Read more
21 Nov 2019 TwentyFour Blog Younited performance shows risks in Fintech ABS "Younited’s funding strategy is as innovative as its business model... In May this year, the company successfully issued its first #ABS backed by French consumer loans" TwentyFour's Ben Hayward discusses. Read more
20 Nov 2019 TwentyFour Blog Fitch keeps AT1 investors on their toes "We have been participants in the Additional Tier 1 (AT1) sector since its introduction in 2013, albeit with a high degree of selectivity, but the risk-reward has been obvious to us." Gary Kirk discusses the latest AT1 news from Fitch Read more