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 tumbled more than 1% from their record levels on a possible risk off sentiment before staging a small comeback. Weekly jobless claims  rose marginally by 2k to 373k vs. the 350k estimate for the prior week. S&amp;P was down 0.9% and Nasdaq was down 0.7%. Sectors across witnessed a sea of red with Financials, Industrials and Materials, down 2%, 1.4% and 1.3%, were the worst hit and were closely followed by Communications and IT down ~1%. US 10Y Treasury yields dipped to 1.25 before recovering to end flat at 1.32%. In Europe, ECB approved a new monetary policy strategy in which it set a symmetric 2% inflation target over the medium term (details below). European indices dropped across – CAC closed lower by 2% and DAX and FTSE were down 1.7%. US IG and HY CDS spreads widened 1.1bp and 7bp respectively.  EU main and crossover CDS widened 1.3bp and 6.9bp respectively. Saudi TASI and Abu Dhabi’s ADX were down 1.2% and 0.1% respectively. Brazil’s CPI MoM was reported at 0.53% against a forecasted 0.59% and vs 0.83% last month. Bovespa was down 1.3%. Asian markets were mixed – Nikkei was sharply down 2.5% as Japan declared its fourth state of emergency and banned spectators from most Olympics events. Shanghai was down 1% and HSI is up 0.6%Singapore’s STI was pleasantly up 0.2%. Asia ex-Japan CDS spreads were 2.1bp 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