Thai Fixed Income Market 21 – 25 March 2016

Last Wednesday, Thailand's Monetary Policy Committee came to a fixed resolution of establishing interest rate at 1.50% along with concluding that Thailand's economy is still recovering slowly yet surely. Despite support from government funding, tourism, and increased investments in certain industries in the private sector, there seem to be signs of slowing down stemming from the effects of stimulus spending.

Thai Fixed Income Market 29 Feb-4 Mar 2016

Following the auction, government bonds with over 10 years of age (on-the-run government bond) are worth 13,000 million baht. This piqued interest in many investors but only one gained total control, making the sentiment of the bond market in the first week of March, especially towards the end of the week, a lowered one which coincides with the decreased returns of government bonds.

Thai Fixed Income Market 7-11 Mar 2016

At the beginning of the week, on-the-run bonds (not over 10 years of age) didn't experience any significant change. On Wednesday a meeting was held to auction the oldest government bond (50 years) with an average return rate of 3.2490% per year - a slight 2.50% drop from the indicative yield of the day before.

Thai Fixed Income Market 14-18 Mar 2016

Last week the Public Debt Management Office had announced its plan to auction off government bonds for the 3rd trimester of 2016's fiscal year amounting to 1.2 billion baht (coming close to the total amounts of the two previous trimesters). Factors from foreign markets include results from the Bank of Japan's meeting concluding that they will continue on implementing relaxed monetary policies.