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 week with the biggest drop of the year amid a sell-off over concerns over rising Delta variant cases. S&amp;P and Nasdaq shed 1.6% and 1.1% respectively adding to the 0.8% drop on Friday. The new Covid-19 numbers seem to be overshadowing the strong earnings with sectors across the board experienced a whitewash. Energy extended its losses by another 3.6%, Financials, Materials and Industrials were all down more than 2%. Rest of the sectors with the exception of Consumer Staples were down more than 1%. Airlines and Cruise stocks fell more than 5% with Big Tech shares not spared either. US 10Y Treasury yields tightened by 7bp to 1.21% after it recovered from 1.19% – the lowest in the last five months. Germany and Belgium have started clearing the devastation caused by extensive flooding. European indices also nosedived ~2.5% – the DAX, CAC and FTSE were down 2.6%, 2.5% and 2.3% respectively. US IG CDS spreads widened 2.2bp and HY widened 10.2bp. EU Main spreads widened 1.6bp and Crossover spreads widened 8.6bp. Brazil’s Bovespa was down 1.2%. Gulf markets were spared as they were closed on account of Eid. The oil prices dropped ~2% after the successful OPEC+ deal. In Asia, Nikkei, Shanghai and HSI were down more than 0.5%. Asia ex-Japan CDS spreads were 0.6bp tighter.

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

Asia High Yield Bond Index

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