Sunday, April 29, 2007

Thailand's 10-Year Bond Yields Hold Near 3 1/2-Year Low; Baht Strengthens

(Bloomberg) -- Thailand's 10-year bond yields held near the lowest in 3 1/2 years on speculation a government report tomorrow will show inflation slowed, allowing the central bank to keep lowering interest rates. The baht advanced.

The yield on 10-year notes has dropped more than a quarter of a percentage point since the central bank cut borrowing costs for a third time this year on April 11. Thailand's bonds are heading for their fourth monthly gain, handing investors a return of 8.4 percent this year, the best performer of 10 Asian debt markets tracked by HSBC Holdings Plc.


Read more at Bloomberg Bonds News

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