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 were mixed with S&amp;P posting modest gains of 0.1% while Nasdaq slipped 0.2%. Citi and Wells Fargo reported strong earnings while BofA missed expectations even as the combined earnings of Citi, Wells, BofA and JPMC totaled $33bn. Consumer Staples and Real Estate up 0.9 % and IT up 0.7% provided support to the indices while Energy down 2.9% was a drag. US 10Y Treasury yields dipped 6bp to 1.34% after Fed Chair Powell said that the central bank will continue to increase its holdings of Treasury securities and that the Fed will ensure monetary policy will continue to deliver powerful support to the economy. European indices closed lower – DAX, FTSE and CAC were down 0.7%, 0.5% and 0.1% respectively. Eurostat data revealed that the euro zone industrial output fell by 1% vs. expectations of 0.2%. US IG CDS spreads were flat while HY tightened 1.7bp. EU main and crossover CDS spreads widened 0.2bp and 1.2bp respectively. Brazil’s Bovespa was up 0.2%. Saudi TASI and Abu Dhabi’s ADX were up 0.4% and 0.5% respectively. Asian markets are having a mixed start as traders await the Chinese growth data. The HSI and Shanghai are up 0.5% and 0.1% respectively while Nikkei and Singapore’s STI are down 0.9% and 0.1% respectively. Asia ex-Japan CDS spreads were 1.9bp tighter. It’s a busy Thursday for the Asian primary markets with nine new bond deals including 5 from Chinese property developers.

9 New Deals Incl. Kaisa, Agile, R&F; Macro; Rating Changes; New Issues; Talking Heads; Top Gainer...

Citigroup Inc

9 New Deals Incl. Kaisa, Agile, R&F; Macro; Rating Changes; New Issues; Talking Heads; Top Gainer...