Technical and theoretical advancements over the past two decades, coupled with open-source software, has fueled an explosion of sentiment data providers. In this report, we provide a lay of the land, focusing on the three key types of sentiment vendors based on underlying source - news content, social media, and investor communications. Within each category, we highlight use cases, trends, and prominent players.

Exactly one year since we analysed the state of the market, we revisit the clickstream data landscape. We breakdown the vendor ecosystem by output granularity, data collection method, and client uptake.

Most ESG research nowadays focuses on equities, so it has been less clear on how ESG considerations can be applied to fixed income investments. Since 1Q21, Neudata have received numerous requests for ESG data for fixed income instruments, from sovereign bonds, to municipal bond, securitized debt, private debt, senior loans, and large syndicated leveraged loans. We publish this two-part Intelligence report in response to this influx of investor interest.