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 remained closed yesterday to celebrate its 245th founding anniversary. US 10Y Treasury yields were up 2bp at 1.44bp. Meanwhile, European bourses closed higher with Eurozone business activity surging to 15Y high in June with the Markit PMI for the Eurozone at 59.5, up 2.4 MoM and above flash estimates of 59.2 – FTSE, CAC and DAX closed 0.6%, 0.2% and 0.1% higher respectively. Banks up 1.8% led the gains, while health care down 0.4% dragged. EU main and crossover CDS tightened 0.2bp and bp respectively. Brazil’s Bovespa was down 0.3% despite its PMI coming at 53.9 up from 48.3 last month. OPEC+ postponed the much awaited talks to resolve the standoff between Saudi and UAE over extension of the duration of oil production cuts as UAE seeks better terms. UAE’s PMI  slipped from 52.3 in May to 52.2 in June while Saudi saw the fastest rise in employment since November 2019. UAEs Saudi TASI ended 0.3% down while Abu Dhabi’s ADX was up 0.7%. Singapore’s private sector also stagnated in June after witnessing a strong growth in May – its PMI fell sharply to 50.1 in June from 54.4 last month. China’s Caixin Services PMI fell to 50.3, a 14-month low. The pace of expansion of Hong Kong’s private sector also eased in June even as demand and output increased for the third month running – its PMI came in at 51.4 in June vs. 52.5 in May. Shanghai opened lower by 0.2% as the Beijing’s crackdown on Didi expanded to three more tech firms. Nikkei and Singapore’s STI were up 0.5% and 0.3% respectively while HSI was broadly flat. Asia ex-Japan CDS spreads were flat.

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Sino-Ocean Group

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