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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S&amp;P hit another record high despite the higher consumer price index (CPI) numbers for May. The S&amp;P was up 0.5% and tech heavy Nasdaq was up 0.8%. Healthcare, Real Estate and IT found favor with investors, up 1.7%, 1% and 0.8% respectively, compared to financials which were down 1.1%. The much awaited US CPI for May came in at 5% YoY vs. expectations of 4.7% and 0.8% higher than the April reading, making it the highest reading since 2008.  A Fed report on Thursday also revealed that US household wealth rose to a record $136.9tn at the end of March, which augurs well for growth. US jobless claims for the prior week fell to 376k in line with expectations. Despite the positive data, US 10Y Treasury yields were down 5bp at 1.43%. In Europe, DAX and FTSE were largely stable and CAC was down 0.3%. US IG and HY CDS tightened 1.3bp and 4.7bp respectively. EU main and crossover CDS also tightened by 0.8bp and 4.6bp respectively. Gulf markets ended marginally higher with Saudi TASI and UAE’s ADX up 0.1%. Latam markets also closed higher with Brazil’s Bovespa up 0.1%. Asian markets have had a mixed start with Shanghai down ~0.3% while HSI is up ~0.4% and Asia ex-Japan CDS spreads widened 0.4bp.

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

Broader stock markets ended lower even as the US labor markets strengthened with weekly jobless claims dropping below 400k for the first time since the pandemic started. The ADP May Employment Report revealed stronger than expected new jobs added of 978k. All eyes are now on the Non-Farm Payrolls numbers for May that will be released later today. The S&amp;P was down 0.4% and Nasdaq was down 1.1% with Consumer Discretionary and IT down 1.2% and 0.9% respectively leading the losses. US 10Y Treasury yields were up 4bp to 1.63%. In Europe, FTSE and CAC were down 0.6% and 0.2% respectively while DAX closed higher by 0.2%. Both, US IG CDS and HY CDS spreads widened 0.8bp and 3.6bp. EU main and crossover spreads also widened 0.7bp and 3.22bp respectively. Asian stocks followed the US markets and are mixed – Nikkei is down 0.4% and Shanghai, Hang Seng are up 0.2% each with Asia ex-Japan CDS spreads widening 1bp.

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

US markets ended flat with the S&amp;P and Nasdaq down ~0.1%. May data was upbeat on US Manufacturing with the ISM Manufacturing PMI registering a 61.2 print vs. 60.7  in April supported by the opening up of the economy. Energy was up 3.9% while health care was down 1.6%. US 10Y Treasury yields were down 1bp to 1.61%. European markets also continued gains as the Markit Eurozone Manufacturing PMI improved to a new high of 63.1  in May on strong economic recovery. DAX was up ~1%, FTSE was up 0.8% and CAC was up ~0.7%. US IG CDS spreads were 0.6bp tighter and HY spreads were 2.8bp tighter. EU main spreads were 0.7bp tighter and crossover spreads tightened 1.6bp. Asian equities are off to another soft start with Nikkei up 0.2%, Hang Seng and Shanghai down 0.2% and 0.4% respectively with Asia ex-Japan CDS spreads widening 0.5bp.

TML, Indonesia, SMC Launch $ Bonds; Macro; Rating Changes; New Issues; Talking Heads; Top Gainers...

S&amp;P rose 1.2% yesterday and Nasdaq was up 0.7%, slightly recovering losses in the prior few days. US 10Y yields had risen ~10bp to 1.70% on Wednesday in the aftermath of the inflation report , but cooled-off yesterday to 1.66%. Headline and Core CPI rose by 4.2% and 3% YoY, significantly above forecasts even after accounting for base effects causing a rout in equities. Despite the rise in inflation, Fed’s Vice-Chair Richard Clarida played down fears  citing transitory factors. Oil prices dropped 3% as the US pipeline reopened after the cyber attack after paying a $5mn ransom to the hackers. US IG CDS spreads tightened 1.5bp and HY spreads tightened 6.6bp. EU main and crossover spreads tightened 0.4bp and 1.8bp. Asian equity indices have started positive, up over 1% while Asia ex-Japan CDS spreads are 2.8bp wider.

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

Wall Street closed lower on Monday as investors veered away from growth stocks on possible inflation fears. S&amp;P ended 1% lower yesterday after setting a new record on Friday while Nasdaq saw a drop of 2.5%. The drop was on the back of a selloff in tech stocks led by semiconductors companies. Among the losers were Tesla, which dropped 6.4% and Facebook, down 4.2%. Friday’s ransomware cyber-attack continues to paralyze the US’s largest fuel pipeline. US IG CDS spreads were 1.5bp wider and HY widened 4.9bp.  EU main and crossover CDS spreads were flat. Asian equity markets are following the US, off to a negative start, down over 1%. Asia ex-Japan CDS spreads were 0.2bp wider. Asian primary bond markets are at its busiest in over a month with 12 new bond deals today that includes names like Country Garden , Fosun, Studio City  and Vista Land .

12 New Deals Incl. COGARD, Fosun, Studio City; Macro; Rating Changes; New Issues; Talking Heads; ...

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)

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

S&P hit another record high despite the higher consumer price index (CPI) numbers for May. The S&P was up 0.5% and tech heavy Nasdaq was up...

BondEvalue

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

Broader stock markets ended lower even as the US labor markets strengthened with weekly jobless claims dropping below 400k for the first time since...

BondEvalue

TML, Indonesia, SMC Launch $ Bonds; Macro; Rating Changes; New Issues; Talking Heads; Top Gainers...

US markets ended flat with the S&P and Nasdaq down ~0.1%. May data was upbeat on US Manufacturing with the ISM Manufacturing PMI registering...

BondEvalue

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

S&P rose 1.2% yesterday and Nasdaq was up 0.7%, slightly recovering losses in the prior few days. US 10Y yields had risen ~10bp to 1.70% on...

BondEvalue

12 New Deals Incl. COGARD, Fosun, Studio City; Macro; Rating Changes; New Issues; Talking Heads; ...

Wall Street closed lower on Monday as investors veered away from growth stocks on possible inflation fears. S&P ended 1% lower yesterday after...

BondEvalue

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