Baht, bonds up on signs of China recovery | Bangkok Post: business

Business > News

Baht, bonds up on signs of China recovery

  • Published: | Viewed: 2,989 | Comments: 0
  • Online news: News
  • Writer: Bloomberg
- +

Thailand's baht and government bonds headed for monthly gains as signs of a pickup in China's economy helped improve demand for regional assets. 

Global funds bought US$1.9 billion more local sovereign debt than they sold this month, according to data from the Thai Bond Market Association. Reports this month showed exports and investment gathered pace in China, the biggest buyer of goods shipped from Thailand. The Southeast Asian country's overseas sales rose 0.2% in September after a 7% drop in August, data showed on Oct 24. Ten-year bonds yield 3.33% in Thailand, compared with 1.74% in the United States.

"Funds are flowing into Asia as its economy is more solid than other regions and still offers higher yields than developed nations," said Tsutomu Soma, manager of the investment trust and fixed-income business unit at Rakuten Securities Inc in Tokyo. "Fund inflows are supporting regional currencies."

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments