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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El Salvador  became on Tuesday the first country to adopt Bitcoin as legal tender, triggering concerns amongst bond investors, especially over the government’s Chivo Wallet and the “buy the rumor, sell the fact” Bitcoin price action. Bitcoin’s price tanked by as much as 16% in the so-called ‘El Salvador Selloff’ prior to recovering to reach ~$47,300. El Salvador has now seen its entire yield curve invert (Term of the Day, explained below ), with short-term bonds yielding more than longer-term debt. This usually indicates a negative outlook as investors consider short-term debt as riskier and most yield curves will slope upwards due to the inherent uncertainty of longer-term pricing. This movement seems to have started in June, precisely when the Bitcoin law was passed. The price action is “an unwelcome sign that the wide use of Bitcoin may have major implications” for El Salvador, according to a Medley Global Advisors strategist.

El Salvador’s Bonds Fall due to Crypto Adoption as Legal Tender

Asia High Yield Bond Index

El Salvador’s Bonds Fall due to Crypto Adoption as Legal Tender