Thai Baht, Bonds Advance as Improving Economy Lures Global Funds

We haven’t been surprised by the movement in the THB and still argue that eventually the currency will return to THB/USD should be 25 within a relative short period of time (not tomorrow obviously). Thus fund flow, Fitch ratings upgrade, a “stable” government, and yields to chase and voila Thailand receives fund flow

Thailand’s baht strengthened for a second day and government bonds rose on speculation a brightening outlook for the economy will spur global demand for the nation’s assets.

Overseas investors bought $3.2 billion more sovereign debt than they sold this month and pumped a net $209 million into equities, official data show. Imports rose 5.3 percent in February after an increase of 41 percent in January, a fifth monthly advance, a government report today showed.

Source: Bloomberg

If you enjoyed this post, please consider leaving a comment or subscribing to the RSS feed to have future articles delivered to your feed reader.

Leave a Reply

Your email address will not be published. Required fields are marked *