Bond market data and technology, BondEvalue

BondEvalue

Bond market data and technology

BondEvalue is a Singapore-based Fintech that specializes in bond market data and technology. The company's information services business offers bond market data on hard-currency corporate & sovereign bonds across Asia, Middle East, Europe and the Americas. The data, which includes bond prices, yields, news and analytics, is offered to end investors via interactive Mobile and Web Apps. Investors can sign up for a free trial of the service either via the company's website (https://bondevalue.com) or by downloading the BondEvalue Mobile App (http://onelink.to/wej7jq). BondEvalue is also developing an electronic bond exchange, BondbloX in Singapore that allows investors to trade bonds electronically in smaller sizes (US$1,000 or equivalent). For more information, visit https://www.bondblox.com/

Bond Market Data and Technology

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Zhenro Properties plans to sell assets worth up to RMB 4bn ($632.7mn) in H2 2021 and extend maturity of other onshore and offshore debt, including debt bank loans and asset-backed securities (Term of the Day, explained below) , as per three sources. The developer is already asking holders of its $200mn 14.724% Perp callable on March 5 to waive claims against the company if it does not redeem the bond. It is also seeking to extend the maturity of five bonds due 2022 that have a total amount outstanding of $1.05bn to be exchanged for new 8% bonds due March 6, 2023. Zhenro is said to be in talks with state-owned firms to sell the assets.

US equity markets were closed due to President’s Day holidays. The US 10Y Treasury yield dropped 6bp to 1.93%. Risk-off Russia-Ukraine sentiment however continues to weigh on markets with the European markets closing lower – DAX, CAC and FTSE were down 2.1%, 2% and 0.4% each. Brazil’s Bovespa closed 1% lower. In the Middle East, UAE’s ADX was down 1.2% while Saudi TASI closed 0.8% higher. Asian markets have opened lower again today with Shanghai, HSI, STI and Nikkei down 1.2%, 3%, 0.8% and 2.2% respectively. US IG CDS spreads were 0.9bp wider and HY CDS spreads were 4bp wider. EU Main CDS spreads were 2.4bp wider and Crossover CDS spreads were 6.7bp wider. Asia ex-Japan CDS spreads were 0.7bp wider.

Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers

S&amp;P and Nasdaq were lower again on Friday with the indices down 0.7% and 1.2% respectively. Most sectors were in the red, led by IT and Industrials down 0.9-1%. The US 10Y Treasury yield dropped 6bp to 1.93% as risk-off sentiment around Russia –Ukraine tensions weighted on markets. European markets were also lower with the DAX down 1.5% and the CAC and FTSE down 0.3% each. Brazil’s Bovespa closed 0.6% lower. In the Middle East, UAE’s ADX was down 0.6% and Saudi TASI closed 0.1% lower. Asian markets have opened broadly lower with Shanghai, HSI and Nikkei down 0.4%, 0.7% and 0.8% respectively, while STI was up marginally by 0.1%. US IG CDS spreads were 0.9bp wider and HY CDS spreads were 4bp wider. EU Main CDS spreads were 2.4bp wider and Crossover CDS spreads were 15bp wider. Asia ex-Japan CDS spreads were 0.7bp wider.

S&amp;P and Nasdaq dropped sharply again on Thursday as Russia-Ukraine risk-off sentiment hit markets – the indices were down 2.1% and 2.9% respectively. Most sectors were in the red, led by IT, Communication Services and Consumer Discretionary, down over 2.5% each. The US 10Y Treasury yield was down 4bp at 1.99%. European markets were lower with the DAX, CAC and FTSE down 0.7%, 0.3% and 0.9% each. Brazil’s Bovespa closed 1.4% higher. In the Middle East, UAE’s ADX was up 0.1% and Saudi TASI closed 0.2% lower. Asian markets have opened broadly higher with Shanghai, HSI and STI up 0.4%, 0.3% and 0.4% respectively, while Nikkei was down 0.2%. US IG CDS spreads were 2.5bp wider and HY CDS spreads were 10.5bp wider. EU Main CDS spreads were 1.5bp wider and Crossover CDS spreads were 7.7bp wider. Asia ex-Japan CDS spreads were 1.2bp wider.

S&amp;P and Nasdaq were near flat on Wednesday, after rallying up 1.6% and 2.5% on Tuesday. Most sectors were in the green, led by Energy and Materials and Industrials, up over 0.5% each. The US 10Y Treasury yield was flat at 2.03%. European markets were marginally lower with the DAX, CAC and FTSE down 0.3%, 0.2% and 0.1% each. Brazil’s Bovespa closed 0.3% higher. In the Middle East, UAE’s ADX was up 0.3% and Saudi TASI closed 1.2% higher. Asian markets have opened broadly higher with Shanghai, HSI and STI up 0.4%, 0.3% and 0.4% respectively, while Nikkei was down 0.2%. US IG CDS spreads were 0.2bp tighter and HY CDS spreads were 4.9bp tighter. EU Main CDS spreads were 0.05bp wider and Crossover CDS spreads were 0.8bp tighter. Asia ex-Japan CDS spreads were 1.6bp wider.

BOC HK Launches $ Bond; Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers

Singapore

iShares Barclays USD Asia High Yield Bond Index ETF is an exchange-traded fund incorporated in Singapore. The Fund seeks to track the performance of the Bloomberg Barclays Capital USD Asia High Yield Bond Index.

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Asia High Yield Bond Index (AHYG SP)

Zhenro Plans Asset Sale of up to $644mn

Zhenro Properties plans to sell assets worth up to RMB 4bn ($632.7mn) in H2 2021 and extend maturity of other onshore and offshore debt, including...

BondEvalue

Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers

US equity markets were closed due to President’s Day holidays. The US 10Y Treasury yield dropped 6bp to 1.93%. Risk-off Russia-Ukraine sentiment...

BondEvalue

Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers

S&P and Nasdaq were lower again on Friday with the indices down 0.7% and 1.2% respectively. Most sectors were in the red, led by IT and...

BondEvalue

Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers

S&P and Nasdaq dropped sharply again on Thursday as Russia-Ukraine risk-off sentiment hit markets – the indices were down 2.1% and 2.9%...

BondEvalue

BOC HK Launches $ Bond; Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers

S&P and Nasdaq were near flat on Wednesday, after rallying up 1.6% and 2.5% on Tuesday. Most sectors were in the green, led by Energy and...

BondEvalue

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