Temporaneo Posted April 14, 2007 Share Posted April 14, 2007 Perhaps the following chart of the bond THAILAND 6.15% BDS 07/07/26 can explain why speculators are so interested in THB. I found it at the following link http://datacenter.treasury.erstebank.com/w...ex.html?LANG=en Link to comment Share on other sites More sharing options...
Naam Posted April 14, 2007 Share Posted April 14, 2007 Perhaps the following chart of the bond THAILAND 6.15% BDS 07/07/26 can explain why speculators are so interested in THB.I found it at the following link http://datacenter.treasury.erstebank.com/w...ex.html?LANG=en a 4% price increase of a bond over a period of four months (with two interest rate cuts) is something quite normal and in this case not related to the currency. Link to comment Share on other sites More sharing options...
sonicdragon Posted April 14, 2007 Share Posted April 14, 2007 It obviously does to you, so please can you enlighten the rest of us... ? Link to comment Share on other sites More sharing options...
sonicdragon Posted April 14, 2007 Share Posted April 14, 2007 Dr Naam, my reply was to the OP, not to you. Mine obviously crosses with yours. It's possibly worth mentioning that a small change in yield of a 20 year bond will bring about a large change in the price of such bond. Link to comment Share on other sites More sharing options...
Temporaneo Posted April 14, 2007 Author Share Posted April 14, 2007 Well really a 20% increase between the bottom in January and the top in March seems a lot to me. Btw this bond is an international one, this just to answer Dr.Naam's question "what are off-shore baht for ?". Link to comment Share on other sites More sharing options...
sonicdragon Posted April 14, 2007 Share Posted April 14, 2007 Well really a 20% increase between the bottom in January and the top in March seems a lot to me. Even a 20% increase in price on a 20 year equates to just over 1.5% change in yield Btw this bond is an international one, this just to answer Dr.Naam's question "what are off-shore baht for ?". Is it really an international bond ? I thought it was one of those domestic debt restructuring bonds ? That it is denominated in baht implies that it can't be an international issue, but I could be wrong about that - however I would be curious to know how it settles if it is an international issue. Link to comment Share on other sites More sharing options...
Naam Posted April 14, 2007 Share Posted April 14, 2007 Well really a 20% increase between the bottom in January and the top in March seems a lot to me.Btw this bond is an international one, this just to answer Dr.Naam's question "what are off-shore baht for ?". one has to look at the "whole picture", i.e. price december > march or much longer and all "incidents" during that period. the bottom must have been caused (my personal opinion) by the well known restrictions. Link to comment Share on other sites More sharing options...
Naam Posted April 14, 2007 Share Posted April 14, 2007 Btw this bond is an international one, this just to answer Dr.Naam's question "what are off-shore baht for ?". i am quite sure that i never asked this question as i am well aware what offshore Baht are for. Link to comment Share on other sites More sharing options...
Naam Posted April 14, 2007 Share Posted April 14, 2007 the quoted bond is an international bond. ISIN = TH0623036702 Link to comment Share on other sites More sharing options...
.png.3b3332cc2256ad0edbc2fe9404feeef0.png)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now