Tuesday, 11 September 2012

Thai Govt Bonds End Lower; Yields May Rise 3 Bps Wed

Thai government bonds end mostly lower in thin volume as market participants tread cautiously ahead of the FOMC meeting later this week and Wednesday's German court's ruling on the eurozone's bailout fund, says a bond dealer. Long-term notes underperformed as investors fret about possible oversupply in the next fiscal year (starting Oct. 1), he adds. Yields are expected to rise by 3 bps Wednesday. The bid/offer yield for bonds due December 2015 is unchanged from 3.15%/3.12% late Monday, the June 2017 yield is at 3.30%/3.28% from 3.28%/3.25% and the December 2021 yield is at 3.57%/3.55% from 3.53%/3.50%. 

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