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 saw another move higher as S&amp;P and Nasdaq were up 1.1% and 1.2%. US jobless claims dipped by 33k to 779k last week while expected progress towards passing President Biden’s $1.9trn fiscal relief bill helped keep sentiment positive. US Treasury yields firmed with the 5s30s at its steepest level since Oct 2015  (Term of the day: curve steepening, explained below) trading at 147.3bp. “Economic activity is going up and it is already going to be fairly strong… More stimulus just makes the already strong number stronger” said Tom Porcelli, chief US economist at RBC Capital Markets. In the Eurozone, Italy’s FTSE MIB outperformed, up 1.65% a day after former ECB chief Draghi agreed to try and form a new government. US IG CDS spreads were 1.3bp tighter and HY was 7bp tighter. EU main CDS spreads tightened 0.7bp and crossover spreads tightened 4bp. Asia ex-Japan CDS spreads are 0.2bp tighter while Asian equities are ~0.5% higher today.

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

Asia High Yield Bond Index

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