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

Markets trended higher on Tuesday building up on the fine start to the week after Powell testified before Congress that the Fed is unlikely to raise rates over potential rising inflation. S&amp;P was up 0.5% and Nasdaq was up 0.8% hitting an all time high. Consumer Discretionary and Tech closed up 1% and 0.9% pulling the indices higher. US 10Y Treasury yields tightened slightly by 2bp to 1.46% after Powell’s testimony. European markets remained buoyant – FTSE, DAX and CAC were up 0.4%, 0.2% and 0.1% respectively. ECB President Christine Lagarde forecasted an annual real GDP growth  at 4.6% in 2021, 4.7% in 2022 and 2.1% in 2023. US IG and HY CDS spreads tightened 0.5bp and 3bp respectively. EU main and crossover CDS tightened 0.6bp and 2.7bp respectively. Saudi TASI was up 0.3% while Abu Dhabi’s ADX was down 0.5%. Brazil’s Bovespa closed 0.4% down. Asian markets opened higher – HSI up 0.7%, Singapore’s STI and Shanghai up 0.4%, Nikkei up 0.1%. Asia ex-Japan CDS spreads were 0.1bp wider.

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Asia High Yield Bond Index

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