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 retreated from their early gains even after strong Q2 earnings from banking majors JPMorgan and Goldman Sachs (details below). S&amp;P and Nasdaq were down ~0.4% with the fall spearheaded by Boeing’s 4.2% drop after the FAA reported a manufacturing quality issue on its 787 fleet (details below). Real Estate, down 1.3% and Consumer Discretionary down 1.2% led the drop while IT up 0.4% provided some support. Financials, Industrials and Energy were also down ~1%. US CPI  rose to 0.9% MoM in June against a forecast of 0.5% – the largest one month change since June 2008. The inflation reading YoY came in at 5.4%, the highest in 13 years, vs. an estimate of 5.0%. The Core CPI, the index for all items less food and energy, rose 4.5% over the last year, the highest since 1991. US 10Y Treasury yields ended 3bp higher to 1.4% after the CPI release and a weak 30Y bond auction. European indices were broadly flat – DAX, CAC and FTSE down 0.01%. US IG and HY CDS spreads widened 0.7bp and 3.8bp respectively. EU main CDS spreads were flat while crossover spreads tightened 0.5bp. Brazil’s Bovespa was up 0.5%. Saudi TASI and Abu Dhabi’s ADX were up 0.4% and 0.3% respectively. Asian markets opened in the red – HSI and Shanghai were down 0.4%, Nikkei was down 0.2% and Singapore’s STI was down 0.1%. Asia ex-Japan CDS spreads were 0.1bp tighter.

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

Goldman Sachs Group

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