Amid Uncertainty Over The European Crisis

Continued offshore buying in medium- to long-dated notes, combined with local players' buying in short-term paper is pushing the Thai government bonds higher. "Amid uncertainty over the European crisis, and persistent capital inflows, yields on the far-end bonds could fall by up to 10 bps," says a bond dealer. Yields are expected slide further by as much as 2-3 bps for rest of session. Investors are focused on whether Spain will request a bailout. The bid/offer yield for government bonds due December 2015 is at 3.17%/3.16% from 3.18%/3.15% late Tuesday, the June 2017 yield is at 3.24%/3.22% from 3.27%/3.26%, and the December 2021 yield is at 3.43%/3.44% from 3.47%/3.45%.

Amid Uncertainty Over The European Crisis

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