Top Articles

  • Reciprocal tariffs, but not as we know them
  • Should investors care about negative swap spreads?
  • Three conclusions from a chaotic week for markets
  • AT1s: Deutsche Bank loses by split decision
  • The growing appeal of Significant Risk Transfer in private credit
  • European banks show no sign of funding stress in tariff sell-off
  • Gilts in precarious spot with UK at economic crossroads
  • What next for European ABS post-tariffs?
  • The state of play in fixed income after April turmoil
  • Will Bunds bounce back against US Treasuries?
Funds
Strategies
Insights
People
Pages

Vontobel

  • Asset management
  • Wealth management

Quick links

  • Vontobel Wealth
  • Vontobel Markets
  • deritrade
  • cosmofunding
  • EAMNet
TwentyFour AM logo
  • All Blogs
  • Contact us
Search

Insights Topic

TwentyFour Blog

20 Feb 2020 TwentyFour Blog

Could Fiscal Stimulus Inflate Expectations?

Given where asset prices are at the moment, we would categorise inflation as a low probability, but high impact, risk.
Read more
18 Feb 2020 TwentyFour Blog

Johnson Clears Path to Fiscal Stimulus

Next month’s budget now has the green light to be Johnson’s fiscal bazooka, with tax cuts, housing schemes and infrastructure projects already mooted.
Read more
DT - Office - Singapore - Image
10 Feb 2020 TwentyFour Blog

Which Central Bank Blinks First?

After a year of over 100 rate cuts around the world in 2019, we felt that 2020 would see major central banks engage wait-and-see mode.
Read more
7 Feb 2020 TwentyFour Blog

This Is No Time for Additional Alpha

This deal may well perform in the short-term, and we sincerely hope Alpha’s plan works, but we also recognise there is a high degree of execution risk and the domestic economy still has considerable headwinds.
Read more
5 Feb 2020 TwentyFour Blog

Treasuries Offering Good Virus Protection

Perfect timing is practically impossible in situations like these, but one way to tackle this risk is to gradually reduce ‘good’ duration by moving to the shorter part of the UST curve, which would be less sensitive to a move higher in yields.
Read more
31 Jan 2020 TwentyFour Blog

A Fond Farewell to the Unreliable Boyfriend?

In what was Mark Carney’s last meeting as governor of the Bank, the MPC delivered a mixed message.
Read more
27 Jan 2020 TwentyFour Blog

Slo-mo CLOs Could See Spreads Tighten

Given the material positive performance seen in other parts of the fixed income markets in 2019, the CLO relative value proposition now looks even more attractive.
Read more
23 Jan 2020 TwentyFour Blog

The BoE Should Wait and See

A rate cut now makes very little sense to us, and wastes one of the few bullets the BoE has left in its armoury. If they do decide to cut next week, we think it will be reversed within 12 months.
Read more
16 Jan 2020 TwentyFour Blog

Margin For Error in Credit Selection Narrows

We have talked regularly about avoiding ‘next year’s skeletons’, and this is now more pertinent given the strength of the current technical backdrop, combined with spread levels that are significantly tighter relative to this time last year.
Read more
15 Jan 2020 TwentyFour Blog

ABS Primary Slips Into Gear

We have already highlighted the blistering pace of bond sales in both Europe and the US, and this being met with apparently insatiable demand from fixed income investors. Since European ABS markets tend to lag broader fixed income, it seems fitting that we have had to wait another week before seeing that primary machine start to accelerate.
Read more
13 Jan 2020 TwentyFour Blog

Record Inflows Give New Energy to US Bond Market

While the European bond market was setting records last week, the US market has also begun 2020 with a flurry of transactions backed up by record inflows.

Read more
2020-1-09_24_heavy-supply-meets-heavy-demand_teaser
9 Jan 2020 TwentyFour Blog

Heavy Supply Meets Heavy Demand

Kicking off the new year, we expected the new issue market to be very active and we certainly haven’t been disappointed, with the good momentum created at the end of last year – thanks to the US and China reaching a ‘phase one’ agreement and the resounding victory by the Conservatives paving the way for Brexit negotiations to move forward – allowing pent-up borrowing demand to hit the market.
Read more
  • Load More
Follow us

Footer menu > blog.twentyfour

  • Glossary
  • Privacy & Cookies
  • Regulatory
  • Terms & Conditions