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TOP ARTICLES

 * What are AT1 bonds, and how do they work?
 * BB CLOs approaching 12% yield
 * Why are CLOs pricing in a worse recession than Moody’s?
 * Global ABS: A cloudy outlook from sunny Barcelona
 * Will high yields stay high?
 * ABS spreads are pricing in a lot of downside
 * Buy now while spreads last
 * Credit Suisse’s chunky coupon a sign of the times
 * Two pieces of good news for investors on inflation
 * Heimstaden and hybrids: to call or not to call


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   "ABANDON ALL HOPE YE WHO ENTER HERE"
   
   With the Bank of England doling out a double dose of doom on UK inflation and
   growth on Thursday, Eoin Walsh says it is refreshing for investors to get
   such a candid assessment from a central bank.
   
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SUSTAINABILITY

At TwentyFour, environmental, social and governance (ESG) analysis is integral
to our primary goal of delivering capital preservation and performance to our
clients.

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INSIGHTS

TwentyFour Blog | Read | 2 min 5 Aug 2022 by Eoin Walsh


"ABANDON ALL HOPE YE WHO ENTER HERE"

With the Bank of England doling out a double dose of doom on UK inflation and
growth on Thursday, Eoin Walsh says it is refreshing for investors to get such a
candid assessment from a central bank.

Read more

TwentyFour Blog | Read | 3 min 29 Jul 2022 by Dillon Lancaster


WHAT IS THE AT1 MARKET PRICING IN?

With bank Additional Tier 1 (AT1) bonds broadly trading at a 10% discount to par
and many being priced to perpetuity, Dillon Lancaster suggests investors are
either missing or ignoring the solid fundamentals on show in Q2 earnings.

Read more

TwentyFour Blog | Read | 3 min 28 Jul 2022 by Pierre Beniguel


WHY 85 IS THE NEW PAR IN HIGH YIELD

Pierre Beniguel explains why high yield issuers are selling new bonds at steep
discounts to par value, and why this represents an opportunity to build
potentially significant performance into fixed income portfolios going forward.

Read more

TwentyFour Blog | Read | 3 min 27 Jul 2022 by Kevin Law


BARREN Q2 SUGGESTS AUTUMN OPPORTUNITY IN ABS

European ABS issuers largely held off on printing new deals in Q2 as broader
market volatility saw spreads widen, but we are already seeing more
investor-friendly structures and many favoured names are likely to bring deals
offering markedly higher yields when activity picks up again.

Read more

TwentyFour Blog | Read | 3 min 26 Jul 2022 by David Norris


UPCOMING US EARNINGS SEASON SHEDS LIGHT ON THE HEALTH OF CORPORATE AMERICA

With earnings season entering full swing, David Norris highlights some
indicators to look out for when assessing the current state of the US economy
and the resulting actions expected from the Fed.

Read more

Market Update | Watch | 2 min 20 Jul 2022 by Charlene Hogg


ESG QUARTERLY UPDATE - JULY 2022

Charlene Hogg summarises the firm's ESG activities in Q2 2022 and explains how
regulation, planning for net zero and CSR are having an impact.

Watch now

Market Update | Watch | 5 min 20 Jul 2022 by Douglas Charleston


ASSET-BACKED SECURITIES QUARTERLY UPDATE – JULY 2022

Douglas Charleston looks at the development of the European ABS market in the
second quarter of 2022 and explains what this could mean for investors going
forward.

Watch now

Market Update | Watch | 5 min 20 Jul 2022 by Dillon Lancaster


MULTI-SECTOR BOND QUARTERLY UPDATE – JULY 2022

Dillon Lancaster reviews the main market drivers in the second quarter of 2022
and explains how the Strategic Income team is tackling today’s environment.

Watch now

Market Update | Watch | 4 min 20 Jul 2022 by Gordon Shannon


INVESTMENT GRADE QUARTERLY UPDATE – JULY 2022

Gordon Shannon reviews Q2 2022 in fixed income and breaks down the resulting
risks and opportunities he sees in investment grade bonds.

Watch now

All Insights
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