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

Credit

US markets started the day in the green after US jobless claims hit a post-pandemic low; however, negative sentiment gripped the markets in the second half – S&amp;P and Nasdaq ended the day 0.5% and 0.3% lower. Financials up 0.3% was the only sector which provided some substantive support to the markets. Real Estate and Healthcare down 2.1% and 1.2% dragged the markets lower. IT, Industrials, Utilities and Consumer Staples were also down ~0.5%. European stocks were mixed after news of the ECB slowing the pace of its bond buying program – FTSE was down 1% while CAC and DAX were slightly up, 0.2% and 0.1% respectively. Brazil’s Bovespa regained some of Wednesday’s losses and closed 1.7% higher. UAE’s ADX closes 1.2% higher while Saudi’s TASI ended 0.3% lower. Asian markets inched higher – HSI started the day with gains of more than 0.5%. Nikkei, Shanghai and Singapore’s STI followed with gains of ~0.2-0.3%. US 10Y Treasury yields fell another 4bp to 1.3%. US IG and HY CDX spreads widened 0.2bp and 1.6bp respectively. EU Main CDS spreads were 0.5bp tighter and Crossover CDS spreads tightened 3.7bp. Asia ex-Japan CDS spreads widened 0.8bp.

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

Asia High Yield Bond Index

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