Baht drops to three-year low, bonds fall amid political tensions | Bangkok Post: news

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Baht, bonds fall amid political tensions

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The baht dropped to its lowest level since 2010 as overseas funds pulled cash from Thailand's debt amid the two-month-long political protests that are sapping investor confidence. 

Demonstrators plan to surround government ministries and occupy 20 major traffic intersections in Bangkok on Jan 13 until caretaker Prime Minister Yingluck Shinawatra agrees to step down and allow an unelected council to reform the electoral system, Suthep Thaugsuban, a former Democrat Party MP who is leading the movement, said last week.

Thai bonds declined as official data showed global funds sold US$104 million more local fixed-income securities than they bought on Jan 3.

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