Bonds advance, baht steady
- Published: 26 Feb 2013 at 10.55
- Online news: News
Thailand's government bonds advanced on speculation the improving economy will lure more funds from overseas. The baht was steady before trade data on Wednesday.
The 10-year yield fell to a two-week low after international investors bought US$2.1 billion more sovereign debt than they sold this month through Feb 22, Thai Bond Market Association data show. Exports climbed 13% in January from a year earlier, compared with a monthly average of 3.9% in 2012, while imports jumped 19%, according to the median estimates of economists surveyed by Bloomberg. The central bank held its policy rate at 2.75% last week.
Bloomberg Photo
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