INSIDE THAILAND: Thai 5-Yr CDS Premium Tightest Since August
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Baht steady; five-year credit-protection costs for Thailand fell 2 bps yesterday to 116 bps, lowest daily close since Aug. 10, according to CMA data.
Alert: HALISTER1- UBS alone in expecting Thai rate cut to 1.25% tomorrow; 19 of 20 economists in Bloomberg survey expect BOT to hold
- Global funds were net buyers of 9.1b baht ($258.8m) in Thai bonds yesterday, according to Thai Bond Market Association data; net buyers of $33.5m in country’s equities: exchange data
- Baht little changed at 35.214 per dollar
- USD/THB bullish momentum could be fading below 21-DMA, MACD below signal and zero lines; click here for chart
- Yield on 3.85% govt bond due Dec. 2025 little changed at 2.107%
Source: BFW (Bloomberg First Word)
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UUID: 7947283