Thai government bonds are higher as offshore players buy, with strong auction results supporting sentiment; the MOF sold THB12 billion of government bonds due June 2023 with weighted average accepted yields of 3.7104% and healthy bid coverage ratio of 3.38X. "Yields are unlikely to move much from current levels as market participants are reluctant to take aggressive positions ahead of the release of supply details for the next quarter (expected later this week)," says a bond dealer. The bid/offer yield for government bonds due December 2015 is at 3.17%/3.15% from 3.18%/3.16% late Tuesday, the June 2017 yield is at 3.30%/3.28% vs 3.33%/3.31, and the December 2021 yield is at 3.62%/3.59% vs 3.63%/3.60%.
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