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 fell after the Fed revealed that it expects interest rates to rise earlier than expected (details below). S&amp;P and Nasdaq were down 0.5% and 0.2% respectively.  All sectors with the exception of Consumer Discretionary were in the red. Materials, Consumer Staples and Industrials, down ~1%, led the slide. US 10Y Treasury yields shot up 7bp to 1.57%, its highest in a week. European markets remained cautious – DAX was down 0.1% while CAC and FTSE were up 0.2% each. US IG and HY CDS widened 0.7bp and 4.8bp respectively. EU main and crossover CDS tightened 0.2bp and 1.6bp respectively. Saudi TASI was up 0.2% and Brazil’s Bovespa was down 0.3%. China’s factory output lagged for a third straight month in May after Guangdong saw an increase in the number of Covid-19 cases. Industrial production rose 8.8% in May vs. 9.8% last month and against expectations of 9.0%. Asian markets have started cautious with Shanghai flat and HSI down 0.4%. Asia ex-Japan CDS spreads were 0.6bp wider.

Sino-Ocean, Deqing Launch Bonds; Macro; Rating Changes; New Issues; Talking Heads; Top Gainers & ...

Sino-Ocean Group

Sino-Ocean, Deqing Launch Bonds; Macro; Rating Changes; New Issues; Talking Heads; Top Gainers & ...