Thailand's 10-year government bonds headed for the fourth weekly rally as foreigners increased holdings after the country's debt management agency said it will reduce issuance this quarter. The baht was steady.
Global funds purchased US$225 million more of notes than they sold this week through Thursday, according to Thai Bond Market Association data.
In China, Thailand's biggest export market, the non-manufacturing purchasing managers' index rose to a six-month high of 55.4 last month, data showed yesterday. Shipments from the Southeast Asian country climbed in August, snapping three months of declines, official figures show.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.