Government bonds deemed suitable

The Public Debt Management Office (PDMO) says the issuance of government bonds in fiscal 2024 will be at an appropriate level, according to director-general Patricia Mongkhonvanit.

She said the bond issuance limit for fiscal 2024 increased from fiscal 2023 by around 160 billion baht to offset the budget deficit in fiscal 2024 and support growth of the domestic bond market.

“The issuance of government bonds has not been excessive, which would lead to oversupply in the market. We believe issuance is at an appropriate level and we are confident the market can support it,” said Mrs Patricia.

Regarding the high yield of 10-year government bonds, she said it was caused by many factors, including policy rate…