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

S&amp;P and Nasdaq ended 1.8% and 2.1% lower as US inflation hit a 40Y high (details below). Sectoral losses were led by Real Estate, IT and Utilities, down over 2.5% each. The high inflation reading pushed US 10Y Treasury yields higher by 11bp to breach the 2% mark for the first time since July 2019. European markets were mixed with the DAX flat, CAC down 0.4% and FTSE up 0.4%. Brazil’s Bovespa closed 0.8% higher. In the Middle East, UAE’s ADX was up 1% and Saudi TASI closed 0.5% higher. Asian markets have opened in the green led by Nikkei up 0.42%, followed by Shanghai up 0.34%, STI up 0.22% and HSI up 0.08% . US IG CDS spreads were 3.9bp wider and HY CDS spreads were 19bp wider. EU Main CDS spreads were 2.2bp wider and Crossover CDS spreads were 9.6bp wider. Asia ex-Japan CDS spreads were 2.6bp 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