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 equity markets closed almost flat with the S&amp;P ending 0.15% lower and Nasdaq closing almost unchanged. The indices erased gains of over 2% post the hawkish FOMC meeting (details below). Sectoral gains were led by IT, up 0.7% while Real Estate led the losses, down 1.7%. US 10Y Treasury yields jumped 7bp higher to 1.85%. European markets recovered sharply yesterday with the DAX, CAC and FTSE up 2.2%, 2.1% and 1.3%. Brazil’s Bovespa closed 1% higher. In the Middle East, UAE’s ADX was flat and Saudi TASI was up 0.6%. Asian markets have opened in the red with Nikkei and HSI down 3.1% and 2.6% while Shanghai and STI are down 0.9% and 0.6% respectively. US IG CDS spreads were 1.4bp wider and HY CDS spreads were 5.4bp wider, EU Main CDS spreads were 1.3bp tighter and Crossover CDS spreads were 6.2bp tighter. Asia ex-Japan CDS spreads were 2bp 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