PUBLISHED : 5 Oct 2023 at 07:02
Investors are recommended to hold cash at roughly 20% of their portfolio amid a volatile stock market as the US bond yield rose to a 16-year high and the dollar continues to appreciate, with the market assuming the Federal Reserve will hike interest rates again this year.
The US 10-year treasury yield, which serves as a benchmark for mortgage rates and investor confidence, hit 4.80% on Tuesday, the highest since 2007.
The increase stimulates foreign outflows from the Thai bourse, pressuring the baht to remain weak, said analysts.
The market is uncertain when the…