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

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US markets broke the three day falling streak led by Tech stocks. S&amp;P ended higher by 1% and Nasdaq was up by 1.8%. Tesla gained 4.1%, Apple rose 2.1% and Nvidia was up 3.9%. US 10Y Treasury yields fell ~3bp to 1.63% on the back of weaker than expected US Philly Fed manufacturing reading in May at 31.2, falling from 50.2 in April. On the other hand, US jobless claims dropped to 444k, better than expectations and indicating labor market momentum. European Indices were also up with DAX leading the gains, up 1.7% followed by CAC at 1.3% and FTSE at 1%. US IG CDS spreads were 0.7bp tighter and HY spreads were 4.4bp tighter. EU main spreads were 0.5bp tighter and crossover spreads widened 3bp. Asian equities started the day modestly lower ~0.3% with Asia ex-Japan CDS spreads widening 3.6bp.

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