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

Equities continued to sell-off with S&amp;P down 1.3% and Nasdaq down 2.1%, bringing the tech heavy index to negative territory YTD. US 10Y Treasury yields jumped another 9bp to 1.58%. While Fed Chair Powell maintained his stance on bond buying, he mentioned that ‘disorderly’ market conditions would concern him and added that he did not consider the recent spike in yields as disorderly. Newswires report that market participants were disappointed that he did not mention specifics on what the Fed would do to slow down long-term rates if desired. European equities held up better, flat to slightly lower. US IG CDS spreads were 1.9bp wider and HY was 9.5bp wider. EU main CDS spreads were flat and crossover spreads widened 0.1bp. Asian equity markets are down over 0.5% and Asia ex-Japan CDS spreads are wider by 0.8bp.

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

Asia High Yield Bond Index

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