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

S&amp;P and Nasdaq ended 0.4% and 0.7% lower after falling over 1.2% at the open. US 10Y Treasury yields were stable at 1.28%. Macro data came in weaker as US weekly initial claims rose to 861k, worse than forecasts of 765k. European indices also fell ~0.4% with the German Bund yields climbing 3bp to -0.34%. US IG CDS spreads were 0.7bp wider and HY was 4.6bp wider. EU main CDS spreads widened 0.3bp and crossover spreads widened 3.4bp. Asian equity markets have started softer echoing global equities, down 0.6-1% while Asia ex-Japan CDS spreads were flat.

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

S&amp;P closed flat while Nasdaq underperformed, down 0.6% as the flow towards tech ebbed. Companies with bloated valuation metrics fell over 2% while major tech companies like Apple and Netflix were down over 1%. US 10Y Treasury yields also shared the sentiment as yields eased slightly to 1.28%. Macro data came in better with US retail sales up 5.3% in January, the highest in seven months and the first monthly increase in four months and the second round of stimulus checks being spent cited as the primary reason. European indices moved similar to Wall Street, down ~0.3% with German Bund yields also easing 2bp to -0.37%. US IG CDS spreads were 0.3bp tighter and HY was 0.7bp wider. EU main CDS spreads widened 0.5bp and crossover spreads widened 2.6bp. Asian equity markets have started mixed to slightly softer, down 0.3% while Asia ex-Japan CDS spreads are 0.6bp wider. Asia ex-Japan primary markets are seeing the first dollar bond deal since last Wednesday with Ping An Insurance’s $250mn 10Y bond launched this morning.

Ping An Launches $ Bond; Macro; Rating Changes; New Bond Issues; Talking Heads; Top Gainers & Losers

US equities began the week marginally lower after the President’s Day holiday on Monday – S&amp;P and Nasdaq were down 0.06% and 0.3%. US 10Y Treasury yields continued to climb higher by ~5bp. Similar to the US, European equities also closed flat to marginally lower with DAX underperforming, down 0.3% even as German ZEW Economic Sentiment came at 71.2 vs. a forecast of 59.6. US IG CDS spreads were 0.2bp wider and HY was 1.1bp wider. EU main CDS spreads widened 1.3bp and crossover spreads widened 7bp. Asian primary markets remain muted and have made a soft start today, down ~0.3% while Asia ex-Japan CDS spreads are 0.7bp tighter.

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

US equities were slightly higher with the S&amp;P and Nasdaq up 0.4% and 0.6%. US non-farm payrolls disappointed with 49k jobs added in January vs expectations of 105k; the previous number was also revised lower from -140k to -227k. US 10Y Treasury yields eased on Friday’s from a high of over 1.18% to 1.16%. The US House approved a budget bill advancing Biden’s $1.9tn relief plan, which may go through Congress even without the Senate’s support. Europe’s FTSE and DAX were marginally lower while CAC and FTSEMIB were up 0.9% and 0.8%. US IG CDS spreads were 0.5bp tighter and HY was 3.6bp tighter. EU main CDS spreads tightened 0.4bp and crossover spreads tightened 1.6bp. Asia ex-Japan CDS spreads are 0.1bp tighter while Asian equities are up ~0.5% higher to start the week.

Macro; The Week That Was; Rating Changes; Talking Heads; Top Gainers & Losers

US markets saw another move higher as S&amp;P and Nasdaq were up 1.1% and 1.2%. US jobless claims dipped by 33k to 779k last week while expected progress towards passing President Biden’s $1.9trn fiscal relief bill helped keep sentiment positive. US Treasury yields firmed with the 5s30s at its steepest level since Oct 2015  (Term of the day: curve steepening, explained below) trading at 147.3bp. “Economic activity is going up and it is already going to be fairly strong… More stimulus just makes the already strong number stronger” said Tom Porcelli, chief US economist at RBC Capital Markets. In the Eurozone, Italy’s FTSE MIB outperformed, up 1.65% a day after former ECB chief Draghi agreed to try and form a new government. US IG CDS spreads were 1.3bp tighter and HY was 7bp tighter. EU main CDS spreads tightened 0.7bp and crossover spreads tightened 4bp. Asia ex-Japan CDS spreads are 0.2bp tighter while Asian equities are ~0.5% higher today.

Macro; Rating Changes; Talking Heads; Top Gainers & 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)

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

S&P and Nasdaq ended 0.4% and 0.7% lower after falling over 1.2% at the open. US 10Y Treasury yields were stable at 1.28%. Macro data came in...

BondEvalue

Ping An Launches $ Bond; Macro; Rating Changes; New Bond Issues; Talking Heads; Top Gainers & Losers

S&P closed flat while Nasdaq underperformed, down 0.6% as the flow towards tech ebbed. Companies with bloated valuation metrics fell over 2%...

BondEvalue

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

US equities began the week marginally lower after the President’s Day holiday on Monday – S&P and Nasdaq were down 0.06% and 0.3%. US 10Y...

BondEvalue

Macro; The Week That Was; Rating Changes; Talking Heads; Top Gainers & Losers

US equities were slightly higher with the S&P and Nasdaq up 0.4% and 0.6%. US non-farm payrolls disappointed with 49k jobs added in January vs...

BondEvalue

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

US markets saw another move higher as S&P and Nasdaq were up 1.1% and 1.2%. US jobless claims dipped by 33k to 779k last week while expected...

BondEvalue

Price Gauge

52-week Range

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