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 | 2 min 22 Aug 2023 Will the Fed message soften at Jackson Hole? An interesting debate, and topic that is attracting plenty of headlines given the recent volatility is where Treasury yields will ultimately settle, with a renewed focus on the neutral rate. Eoin Walsh explores the previous movements of Treasury yields and what Powell is likely to say at Jasckon Hole. Read more
TwentyFour Blog | Read | 2 min 4 Aug 2023 Diverging dynamics in savings ratios As governments around the world provided support in various manners during the pandemic, savings ratios increased to levels that were twice as large as the previous all time highs in some countries. Felipe Villarroel takes a look at some countries' spending vs savings monthly data patterns and lays out what he thinks this means for fixed income investors. Read more
TwentyFour Blog | Read | 2 min 2 Aug 2023 Banks have done their part – now will markets catch up Bank bonds have been amongst the best performing asset classes in fixed income over the last few months, doing their bit in proving their strength. Read more
TwentyFour Blog | Read | 3 min 19 Jul 2023 Reinvestment risk growing, along with the soft landing narrative What level of risk are investors willing to take? As central bank rates hike and a soft landing narrative makes its way into analysts’ forecasts, Eoin Walsh takes a look at what affects this has on investment risk and reinvestment risk. Read more
TwentyFour Blog | Read | 2 min 18 Jul 2023 Soft landing narrative taking hold What sort of landing will the global economy experience? With the recent release of the US CPI report, inflation has been on a downward trend and the resilient activity data has continued to surprise many. This report has acted as a trigger of sorts for increasing calls for a soft landing. Read more
TwentyFour Blog | Read | 4 min 1 Jun 2023 US debt - stuck in a vicious cycle In recent weeks the US debt ceiling has been dominating headlines with investors focused on the imminent threat of a US default which would be extremely unnerving for global markets. Johnathan Owen looks at the wider implications facing the US economy. Read more
TwentyFour Blog | Read | 3 min 25 May 2023 Fed minutes: A tale of two camps What do the release of the Fed minutes tell us about the forward path for monetary policy? Danny Zaid argues that for market participants looking for clarity, the minutes, provide more questions than answers. Read more
TwentyFour Blog | Read | 3 min 17 May 2023 US corporate earnings: On par As we come to the end of a much anticipated earnings season what are the key takeaways? Read more
TwentyFour Blog | Read | 2 min 9 May 2023 Financial conditions tighten further but could have been worse Following the publication of the Senior Loan Officer Opinion Survey, Felipe Villarroel highlights what caught our attention in the report and if it signals further tightening of financial conditions. Read more
TwentyFour Blog | Read | 2 min 21 Apr 2023 Labour markets continue to cool off Partner and Portfolio Manager Felipe Villarroel looks at new labour market data from the US and why this is good news for the Fed. Read more
TwentyFour Blog | Read | 2 min 17 Apr 2023 Bank results should see levels begin to normalise With the US bank earning season having begun last Friday, Dillon Lancaster believes this could be a catalyst to help spreads begin to recover. Read more