Thai Bonds Rise on Dimmed Fed Rate Hike Outlook: Bank of Ayudhya
Source: BFW (Bloomberg First Word)
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(Bloomberg) -- Thailand’s govt bonds advance in wake of overnight gains in Treasuries as weaker-than-expected U.S. ISM non-manufacturing index dimmed prospects of Sept. Fed rate increase, according to Bank of Ayudhya.
Alert: HALISTER1- UST yield curve has shifted downward, affecting Thailand’s yield curve as well, says Pote Siripoonsap, Bangkok-based market analyst at Bank of Ayudhya
- Likelihood of a Fed rate hike in Sept. “is not totally gone, but there seems to be less possibility,” he says
- Govt bond yields in many Asian countries decline today, with Thailand’s 10-year yield down 5 bps at 2.22%, Singapore’s 10-year yield down 6 bps at 1.66% and South Korea’s 10-year yield down 5 bps at 1.46%
- UST 10-year yield little changed at 1.54% after slipping 7 bps yday
Source: BFW (Bloomberg First Word)
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UUID: 7947283