Thursday, June 21, 2007

Thailand's 10-Year Bonds Decline Before Bill Sales; Baht Is Little Changed

(Bloomberg) -- Thailand's 10-year bonds fell for a
second day on speculation investors will prefer to buy short-
term debt at a government sale. The baht was little changed.

The yield on the benchmark note has increased 44 basis
points this month as investors bet the central bank will slow
the pace of interest rate reductions this year. The central bank
will sell a combined 30 billion baht ($866.8 million) of seven-
day and 14-day bills today.


Read more at Bloomberg Bonds News

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