Thai baht, bonds head for weekly declines amid political unrest | Bangkok Post: business

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Baht, bonds head for weekly declines

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Thailand's baht headed for a fourth weekly slide and the 10-year bonds fell as anti-government protests since October prompted global investors to cut holdings. 

The currency traded near its 2010 low, while yields rose the most since November as global funds pulled a net US$129 million from Thai bonds in January.

Demonstrations scheduled next week in parts of central Bangkok may cost the economy as much as 1 billion baht ($30 million) a day, according to a survey by the University of the Thai Chamber of Commerce. The political unrest and the Federal Reserve's stimulus reduction may extend outflows, Bank of Thailand deputy governor Pongpen Ruengvirayudh said on Wednesday.

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