The TwentyFour Blog
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For Professional Investors only. Tweets from the PM team at TwentyFour Asset Management, a fixed-income boutique based in London. We are specialists in fixed income, headquartered in the City of London and a boutique of the Swiss-based Vontobel Group. Head to our blog which provides common fixed income investment themes and some more technical portfolio management techniques.
The TwentyFour Blog
17h ago
Recently, BBVA announced that it had approached the management of Banco Sabadell, to explore a possible merger between both entities, with BBVA also appointing advisers for this purpose ..read more
The TwentyFour Blog
17h ago
The Federal Open Market Committee (FOMC) meeting was a relatively uneventful one, but there are a few points worth highlighting ..read more
The TwentyFour Blog
17h ago
The first four months of this year have seen €11.6bn in gross Additional Tier 1 (AT1) issuance from European banks, across euros, dollars and sterling markets ..read more
The TwentyFour Blog
17h ago
Following an incredible 2023, collateralised loan obligation (CLO) investors are again having a great year with the asset class outperforming the more traditional asset classes ..read more
The TwentyFour Blog
1w ago
Volatility made an unwanted come back this week. A combination of rising tensions in the Middle East, strong Consumer Price Index (CPI) and labour market data in the US in previous days, and markets that looked somewhat expensive in certain sectors, all conspired to cause a widening in spreads and a correction in equity prices ..read more
The TwentyFour Blog
1w ago
Following yesterday’s release of Italian energy company Enel's 2023 annual sustainability report, it was confirmed that they had failed to meet the emissions reduction key performance indicator (KPI) linked to a number of their sustainability linked bonds (SLBs ..read more
The TwentyFour Blog
1w ago
Money supply measures such as M1 and M2 enjoyed a relatively brief period of fame and glory just after the pandemic ..read more
The TwentyFour Blog
3w ago
Labour market data in the US was stronger than expected on Friday. US Treasuries reacted accordingly with a 10 bps sell-off with Gilts and Bunds moving in the same direction but in a calmer fashion ..read more
The TwentyFour Blog
3w ago
We previously blogged about Thames Water in July last year but it’s rapidly refloated to the top of UK credit market concerns. Following more recent events, where do we think Thames Water go from here ..read more
The TwentyFour Blog
3w ago
The US Consumer Price Index (CPI) surprised on the upside for the third month in a row. There was nowhere to hide in the release with a majority of sub categories and sub aggregates posting worse numbers than expected ..read more