TwentyFour Blog | Read | 3 min 17 May 2022 by Elena Rinaldi CLOs have the fundamentals to absorb recession As inflation continues to outstay its welcome in the global economy, we have previously discussed the impact of rising input costs on corporates and how crucial pricing power can be in such a challenging environment. Read more
TwentyFour Blog | Read | 2 min 13 May 2022 by Eoin Walsh Return of bond-equity correlations could offer respite for investors The broad-based sell-off that has faced investors since the start of this year has been all the more painful because of the breakdown in traditional correlations, which has put conventional hiding places out of reach. Read more
TwentyFour Blog | Read | 4 min 7 Apr 2022 by Mark Holman Why inflation risks are still tilted to the upside With inflation running at 40-year highs in many parts of the world, it is easy to get carried away with making comparisons to the dark economic days of the early 1980s. Read more
TwentyFour Blog | Read | 4 min 23 Mar 2022 by Aza Teeuwen Is there value in floating rate bonds? Last week both the Fed and the BoE hiked rates by 0.25%, and judging by the Fed's dot plots and comments from the Bank of England (BoE), more hikes will likely follow in the coming months. Read more
TwentyFour Blog | Read | 2 min 22 Mar 2022 by Eoin Walsh Powell confirms Fed pivot is complete Officially the Fed pivoted from its ‘transitory’ inflation rhetoric in December last year. Read more
TwentyFour Blog | Read | 3 min 18 Mar 2022 by Johnathan Owen BoE sounds caution on the real economy The hawkishness of the Fed on Wednesday paved the way for the Bank of England (BoE) to follow suit. Read more
TwentyFour Blog | Read | 4 min 17 Mar 2022 by Gordon Shannon Wave of inflation means companies will sink or swim on pricing power Soaring inflation was already a dominant theme for markets coming into 2022. The sanctions imposed on Russia in response to its invasion of Ukraine have only exacerbated its expected rise, and pushed its expected peak further out. Read more
TwentyFour Blog | Read | 2 min 16 Mar 2022 by David Norris FOMC: Central bankers face conundrum on inflation and growth The much-anticipated March FOMC meeting is finally upon us, and given there was no meeting in February investors will be very glad of this window into the Fed’s thinking, particularly given the ongoing and far-reaching economic ramifications of Russia’s invasion of Ukraine. Read more
TwentyFour Blog | Read | 3 min 14 Mar 2022 by Gary Kirk Investors face conundrum on government bond allocations We think a base case that central banks will follow a more measured monetary policy path than markets are currently pricing in is reasonable given the current backdrop. Read more
TwentyFour Blog | Read | 2 min 21 Feb 2022 by Gary Kirk Steady Fed makes short end look attractive Escalating geopolitical tensions have contributed to a volatile past week for investors, but uncertainty regarding central bank action continues to dominate the bond markets, with one investment bank now predicting nine straight hikes from the Fed beginning at its March meeting. Read more
TwentyFour Blog | Read | 3 min 14 Feb 2022 by Mark Holman What are government bonds saying? Yield curve shape and yield curve change are often good predictors of the state of the economy and its outlook. Read more
TwentyFour Blog | Read | 3 min 11 Feb 2022 by Gary Kirk Managing the downturn As 2021 wore on we became increasingly concerned that the disconnect between asset prices, economic fundamentals and monetary policy was becoming more acute. Read more