Sunday, April 22, 2007

Thai Bonds Gain on Expectations Central Bank Will Reduce Growth Forecast

(Bloomberg) -- Thailand's bonds rose on speculation the central bank will tomorrow trim its forecast for economic growth. The baht was little changed.

Ten-year yields are near the lowest in 22 months after reports this month showed consumer confidence fell in March to the lowest in five years, fueling expectations the Bank of Thailand will add to its three interest-rate cuts this year, said Sansanee Hutanuwatr, a bond manager at MFC Asset Management Pcl in Bangkok.


Read more at Bloomberg Bonds News

No comments: