TwentyFour Blog | Read | 4 min 30 May 2023 Blurred Lines There has been a noticeable pick up in the European ABS new issuance market this year, with demand far outstripping supply. John Lawler looks at what makes a UK RMBS deal ‘Prime’, and why not all deals are the same. Read more
TwentyFour Blog | Read | 3 min 16 May 2023 French CMBS deal repaid in full: A beacon of hope for struggling commercial real estate sector Given the current macro environment, Pauline Quirin believes loans with near term maturities provide a useful insight into where risk lie. Read more
TwentyFour Blog | Read | 3 min 8 Feb 2023 Let it go, turn away and slam the door With commercial real estate continuing to suffer the effects of the COVID pandemic and inflation, Elena Rinaldi looks at one CMBS transaction highlighting the challenges facing the asset class. Read more
TwentyFour Blog | Read | 2 min 6 Feb 2023 Is the CLO whale back in the water? With Norinchukin Bank reportedly looking again at CLOs, Aza Teeuwen looks at the potential impact the return of the one of the market’s biggest buyers might have on spreads. Read more
TwentyFour Blog | Read | 3 min 2 Feb 2023 No, you haven’t missed the fixed income rally Strong performance across markets in January has left some investors feeling they’ve missed out on the rally in bonds. No need to worry, says Felipe Villarroel. Read more
TwentyFour Blog | Read | 3 min 25 Jan 2023 Having your cake and eating it While yields have soared in recent months and created a broad buying opportunity in fixed income, Aza Teeuwen says investors should look at floating rate bonds to benefit from higher coupons today. Read more
TwentyFour Blog | Read | 3 min 19 Jan 2023 New year, new mood as ABS supply ramps up European ABS is enjoying a spurt of new issuance and a parallel rally in spreads, with investors having entered the new year with cash to invest and buoyed by renewed hope around inflation and monetary policy, says Pauline Quirin. Read more
TwentyFour Blog | Read | 5 min 9 Jan 2023 Are storm clouds gathering over the UK housing market? Part two… In the second instalment of a two-part blog on the UK housing market, Shilpa Pathak stress tests UK RMBS to determine how high mortgage defaults would have to get before bondholders are impacted. Read more
TwentyFour Blog | Read | 2 min 7 Dec 2022 Nationwide deal highlights surge in ABS interest and income Higher rates mean the income available on AAA RMBS bonds is eight times what it was at the start of this year, and growing demand for this floating rate asset class is clear, says Kevin Law. Read more
TwentyFour Blog | Read | 15 min 6 Dec 2022 The Rodney Blog 2023: A return to returns In our annual ‘Rodney Blog’, Eoin Walsh says that with rates now offering both yield and downside mitigation, and credit yields at near-decade highs, fixed income investors could enjoy strong returns in 2023 Read more
TwentyFour Blog | Read | 3 min 2 Dec 2022 Are storm clouds gathering over the UK housing market? Part one… In the first of a two-part series on the UK housing market, Shilpa Pathak looks at the experience of previous recessions and argues fundamentals today look far stronger than they did either in 2007 or the early 1990s Read more
TwentyFour Blog | Read | 3 min 27 Oct 2022 Here’s why private equity is buying bonds over ‘real’ assets With private equity firms active buyers of CLOs and CMBS in recent weeks, Aza Teeuwen explains why these investors are shunning physical assets in favour of asset-backed bonds. Read more