webfact Posted October 11, 2018 Share Posted October 11, 2018 Foreign investment in Thai bonds hits record high BANGKOK, 12th October 2018 (NNT) - The Thai Bond Market Association has revealed that foreign investment in Thai bonds has reached a record high. Association President Tada Phutthitada revealed that the country’s debt market has continued to grow over the past nine months to 12.48 trillion baht, an increase of 7.2% on the same period last year. Long-term corporate bonds rose 19% on the same period last year to 710 billion baht, while short-term bonds rose 14% to 210 billion baht. Foreign investment in Thai bonds rose by over 100 billion baht in the first nine months of the year, bringing total foreign investment in Thai bonds to a record high of around 940 billion baht. Returns on two and 10-year government bonds are likely to rise, in line with increased inflation and oil prices. Meanwhile, increased public and private investment, along with robust tourism and export sectors, are likely to prompt the Monetary Policy Committee to maintain current interest rates for the rest of the year. -- nnt 2018-10-12 Link to comment Share on other sites More sharing options...
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