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

Wall Street ended lower at the close of last week, which was dominated by the FOMC meeting update . S&amp;P and Nasdaq were down 1.3% and 0.9% respectively resulting in weekly losses of 1.9% and 0.3% respectively. Sectors across closed in the red with Energy and Financials leading the drop, down ~2.5%. The yield curve bear flattened (Term of the Day, explained below) on Friday as the US 10Y Treasury yields dipped ~11bp to 1.41% while the shorter dated 2Y and 5Y yields moved higher. European markets also closed lower by ~1.5%. UK’s May retail sales were down 1.4% against expectations of an expansion of 1.6%. Germany’s Producer Price Index (PPI) rose 1.5% in May compared to a forecast of 0.7%. US IG and HY CDS spreads widened 1.3bp and 5.2bp respectively. EU main and crossover CDS widened 1bp and 5.6bp respectively. Saudi TASI fell 0.6% while Brazil’s Bovespa closed 0.3% up. Asian markets opened in the red. HSI was down 1% while Shanghai was marginally down 0.1%. Asia ex-Japan CDS spreads were 0.4bp tighter.

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

Asia High Yield Bond Index

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