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 markets remained near record highs with the S&amp;P gaining 0.1%. Nasdaq on the other hand was down 0.2%, ending the first half of the year up 12%. S&amp;P extended gains to the fifth consecutive month, up 14% YTD. Cyclical stocks closed higher on Wednesday – Energy was up 1.3% and Industrials up 0.8%, while IT was marginally down 0.1%. US ADP private payrolls beat expectations and increased by 692k vs estimates of 550k . US 10Y Treasury yields tightened 1bp to close at  1.47%. European markets declined on Wednesday – DAX was down 1%, CAC down 0.9% and FTSE down 0.7%. US IG and HY CDS spreads were 0.1bp tighter each. Euro-zone inflation cooled to 1.9% in June from 2.0% in May. EU main and crossover CDS widened 0.5bp and 2.2bp respectively. Saudi TASI was down 0.1% and Abu Dhabi’s ADX was up 1.1%. Brazil’s Bovespa was down 0.4%. Asian markets are mixed – Singapore’s STI is up 0.3%, HSI down 0.6%, Nikkei down 0.4% and Shanghai largely flat as the Caixin/Markit manufacturing Purchasing Managers’ Index for June was lower at 51.3 vs 52.0 in May. Asia ex-Japan CDS spreads were 0.3bp wider.

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