INSIDE THAILAND: Baht Slips for Third Day; Foreigners Sell Bonds
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
UUID: 7947283
(Bloomberg) -- Baht falls vs dollar after overnight slide in oil prices and drop in U.S. Treasury yields amid risk-off tone.
Alert: HALISTER1- Thailand should achieve 2.8% growth in 2016 and 3.0% in 2017, Moody’s writes in note yesterday; GDP will hit 3.0% in 2016 and 3.2% in 2017, according to estimates in Bloomberg surveys
- Overseas investors sell net THB89.8m ($2.6m) of bonds, TBMA says; net sellers of Thai shares for second time in 3 days
- Exchange chief expects increase in foreign stock buying
- Govt may invest 80b baht next year to build a 120-km motorway linking Nakhon Pathom province and Cha-am district
- Baht declining for third day, down 0.1% at 35.197 per dollar,
- USD/THB momentum studies turning bullish ahead of resistance near 100-DMA at 35.253; click here for chart
- Thailand sold THB30b 2022 bonds yesterday with 1.7172% yield; 2.47 bid coverage
- Yield on 3.85% govt bond due Dec. 2025 steady at 1.920% after falling 2 bps yesterday
- 5-yr credit-protection costs for Thailand rose yesterday for first time in four days, up 1 bp to 105 bps: CMA data
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
UUID: 7947283