TwentyFour Blog | Read | 3 min 27 Sep 2023 That shrinking feeling: Money supply tightens as rate hikes feed through Following the recent publication of the European Central Bank's monthly “Monetary Developments in the Euro Area” report, Felipe Villarroel takes a deep dive into how this report evidences the impact that successive rate hikes are having on the economy Read more
TwentyFour Blog | Read | 2 min 25 Sep 2023 Pause for thought: Was this the BoE's final rate hike? Are central banks now at a point where they are done with hiking cycles and are we seeing a positive outcome for fixed income? Read more
TwentyFour Blog | Read | 2 min 22 Sep 2023 Deals come thick and fast in European ABS after summer recess The European ABS market is making a strong comeback post-summer, witnessing two of the busiest weeks in over a decade, driven by robust demand. Read more
TwentyFour Blog | Read | 2 min 21 Sep 2023 Fed rates held: Goldilocks is in the building Eoin Walsh shares his thoughts following last night's statement from the Federal Reserve, concluding that for now while treasury yields aren’t helping, credit looks attractive based on the rosy economic forecasts. Read more
TwentyFour Blog | Read | 4 min 19 Sep 2023 Record UK residential rent increases and equity injections Aza Teeuwen takes a deep dive into the recent reports and press coverage on record residential rent increases by UK landlords, equity injections into RMBS and how they might be helping to reduce refinancing risks. Read more
TwentyFour Blog | Read | 3 min 15 Sep 2023 ECB: That's All Folks? Felipe Villarroel argues that it will not be long before we see yields in fixed income assets at levels markedly above spot inflation which could translate in investors racing to lock in those yields. Read more
TwentyFour Blog | Read | 2 min 13 Sep 2023 Growing signs that the UK labour market is weakening The labour market has been one of the major headaches the Bank of England has had to deal with in their battle against inflation. Yesterday the ONS released their monthly labour market update and although some of those headaches’ causes are not abating, there are others that are actually showing signs of progress. Read more
TwentyFour Blog | Read | 2 min 11 Sep 2023 ECB’s turn to skip? Dillon Lancaster comments on the divergence in views from ECB members, and whether the end of the week will see a 'skip' or 'hawkish pause'. He believes either outcome is not likely to have a huge effect on the market. Read more
TwentyFour Blog | Read | 2 min 4 Sep 2023 New issues highlight value opportunities in fixed income Pierre Beniguel gives his thoughts on some of the deals that have caught his eye from the reopening of the primary market after a quiet summer. Read more
TwentyFour Blog | Read | 4 min 31 Aug 2023 How UK mortgages are weathering the storm? Pauline Quirin asks the question "How are UK mortgages weathering the storm?", exploring pre and post Global Financial Crisis mortgages and how the surge in rates has impacted the performance of UK RMBS. Read more
TwentyFour Blog | Read | 2 min 30 Aug 2023 Labour markets show encouraging signs of progress Felipe Villarroel takes a look at what progress, if any, has been made in the labour market and how this resonates with the Fed's projection of labour markets easing while not experiencing a major disruption. Read more
TwentyFour Blog | Read | 2 min 24 Aug 2023 Poor PMI data weigh on soft landing narrative Felipe Villarroel shares his thoughts on the recently released preliminary PMI data, which he concludes is a reminder that the hiking cycle only started 18 months ago and there are lags that are yet to be felt in the real economy, reiterating some of his previous views. Read more