Photo: asiaasset.com
Thai bond valuations experienced a notable increase of 5.8% within the first nine months of the year, skyrocketing to a colossal 16.7 trillion baht. This rise was predominantly propelled by government and corporate bonds, as revealed by the Thai Bond Market Association (ThaiBMA).
Corporate debentures, a significant part of this upswing, saw an issuance of 825 billion baht from January to September. The majority of the investors flocked towards bonds with high credit ratings, while a few issuers decided to defer issuance, in anticipation of a more favourable market climate and interest rate costs.
Bond valuation, an essential method to ascertain the current value of predicted future returns, earnings, or cash flow from a bond investment, plays a pivotal role in this context.
Foreign funds, however, have consistently been withdrawing from…
