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

Demand for dollar bonds from China and the Asia ex-Japan region slowed to its lowest in two years with Bloomberg noting that the woes on China Evergrande and the regulatory crackdowns dampening appetite. Bid-to-cover (Term of the Day, explained below ) stood at 4x for Chinese dollar bonds and 3.8x for the Asia ex-Japan region in July vs. 7.3x and 5.2x in June. Bloomberg notes, “Last month’s dollar-bond subscription ratios in both China and across Asia were the lowest since August 2019, falling below the weakened demand seen during March 2020’s pandemic-fueled global market tumult.” Despite this backdrop, first-time borrowers in China saw 12 new deals in July as compared to a monthly average of eight this year, being able to secure demand for their bonds.

China and Asia ex-Japan Dollar Bond Demand Slows to Two Year Lows in July

Evergrande Auto

China and Asia ex-Japan Dollar Bond Demand Slows to Two Year Lows in July