Most Thai bonds are barely changed as buying by local funds offsets selling by interbank players. The lack of new supply in the first three weeks of this month and smaller-than-expected portion of long-term bonds in the October-December government bond supply will likely to keep bonds well-bid, especially long-dated notes. "The yield curve will probably continue to flatten in the near term, with yields at the far-end likely to drop by 2-3 basis points Tuesday," says a bond dealer. Focus is on the Thursday's ECB meeting and Friday's U.S. nonfarm payrolls report for short-term trading cues. The bid/offer yield for government bonds due December 2015 is at 3.18%/3.17% from 3.18%/3.16% late Monday, the June 2017 yield is at 3.29%/3.28% from 3.28%/3.26%, and the December 2021 yield is unchanged at 3.49%/3.47%.
Find us on Google+
No comments:
Post a Comment