15 Jul 2025 TwentyFour Blog CLO value emerges ahead of likely autumn surge With the summer holiday season fast approaching, now feels like a good moment to pause and take stock of developments in the European ABS market year-to-date. Read more
7 Jul 2025 TwentyFour Blog New issuers add welcome depth to UK RMBS The UK Prime RMBS market has continued to evolve in 2025, with a broadening of its participant base driven by the entrance of two new sponsors (Nottingham Building Society and Newcastle Building Society) which have both priced inaugural deals this year. Read more
20 Jun 2025 TwentyFour Blog Reform proposals bring fresh hope of deeper ABS market Blog posts about regulation rarely trouble our most-read charts, but on this occasion we think the payback on time invested looks more compelling. Read more
18 Jun 2025 TwentyFour Blog Watching spreads and structures as ABS momentum builds Last week marked another record-breaking year for the securitisation industry as over 5,500 market participants gathered in Barcelona for the annual Global ABS conference, surpassing last year’s attendance and reflecting the growing momentum across both public asset-backed securities (ABS) and private asset-backed finance (ABF) markets. 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
18 Mar 2025 TwentyFour Blog What does shifting sentiment mean for ABS and CLOs? Last week we wrote about a notable shift in market sentiment and how this had impacted our view of relative value within fixed income. So, where has the impact been felt, and has it changed our view on relative value? Read more
18 Feb 2025 TwentyFour Blog Value emerges in Prime RMBS amid hunt for yield The recent rally in European fixed income has partly been driven by improved economic sentiment, falling inflation expectations, and a more accommodative monetary policy outlook from the European Central Bank (ECB) and the Bank of England (BoE). Read more
15 Jan 2025 TwentyFour Blog Servicers key as UK rates put pressure on pre-crisis RMBS Last week Fitch Ratings published a report concerning asset performance deterioration in UK residential mortgage-backed securities (RMBS) originated prior to the global financial crisis (GFC). 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
9 Dec 2024 TwentyFour Blog A difference of opinion in US and European CLOs Last week, members of TwentyFour’s asset-backed securities (ABS) portfolio management team were in Dana Point, California for the Opal Group CLO Summit, an annual event with over 2,000 participants made up of investors, bankers, CLO managers, service providers and lawyers. Read more
8 Nov 2024 TwentyFour Blog Green shoots in European solar ABS In the past 10 days the European asset-backed securities (ABS) market has welcomed five debut issuers across multiple jurisdictions and asset classes, with the most notable being Europe’s first public solar green ABS from Enpal. Read more
24 Oct 2024 TwentyFour Blog Appetite for German consumer bonds shows deep demand in ABS Despite higher interest rates and cost of living increases across jurisdictions, there is no sign as yet of any impact on issuance levels in European consumer ABS. Read more