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 saw a sharp sell-off, ending 1.9% and 2.8% lower on Friday. Sectoral losses were led by IT, Consumer Discretionary and Communication Services down 2.5-3.0%. With the risk-off sentient, the US 10Y Treasury yield dropped 8bp to 1.95%, just a day after breaching the 2% mark for the first time since July 2019. European markets were lower with the DAX, CAC and FTSE down 0.4%, 1.3% and 0.2% each. Brazil’s Bovespa closed 0.2% higher. In the Middle East, UAE’s ADX was up 0.8% and Saudi TASI closed 0.5% higher on Sunday. Echoing the US sell-off on Friday, Asian markets have opened with a negative bias led by Nikkei down 2.62%, HSI down 1.13% and Shanghai down 0.44%. STI is marginally higher by 0.06%.   US IG CDS spreads were 2.4bp wider and HY CDS spreads were 9.2bp wider. EU Main CDS spreads were 2.2bp wider and Crossover CDS spreads were 12.2bp wider. Asia ex-Japan CDS spreads were 3.7bp wider.

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