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 had a mixed day with the S&amp;P shedding 0.5% while Nasdaq added 0.1% as US payroll data missed estimates. Energy was down 2.9% and Industrials and Consumer Staples were down more than 1%. Communication Services and IT, up 0.2% provided some support. European markets touched new highs –  DAX was up 0.9% and FTSE and CAC were up 0.3% each. Saudi’s TASI and UAE’s ADX were down 0.4% each. Brazil’s Bovespa fell 1.9%. Asia Pacific stocks have had a mixed start  – Nikkei and HSI are up 0.2% to 0.3% while Shanghai and Singapore’s STI are down 0.1% to 0.5%. US 10Y yields rose 2bp to 1.19%. Several earnings reports were released on Wednesday with Commerzbank and Royal Caribbean posting net losses while GM, Petrobras, DBS reported strong numbers (details below).US IG CDS widened 0.7bp and HY spreads widened 2.7bp. EU Main and Crossover spreads also widened 0.1bp and 0.4bp respectively.  Asia ex-Japan CDS spreads were 0.7bp tighter.

Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers

Asia High Yield Bond Index

Macro; Rating Changes; New Issues; Talking Heads; Top Gainers and Losers