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 | 3 min 26 Apr 2022 by Eoin Walsh Peak hawkishness for rates, but can the consumer handle it? Since the end of last year, central bank officials have been falling over themselves to increase their hawkishness around rates, particularly in the US. Even the ECB Governing Council members have been vocal of late. 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 | 3 min 1 Apr 2022 by Mark Holman Is a soft landing possible? As this remarkable cycle rapidly progresses, thoughts have more recently turned to the chances of a US recession in 2023, and whether the Fed can somehow pull off a soft landing. Read more
TwentyFour Blog | Read | 3 min 25 Mar 2022 by Felipe Villarroel The evidence doesn’t point to recession Growth in 2022 is likely to be above historical averages for most developed economies, even after adjusting forecasts for the impact of the Russian invasion. 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 | 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