Last month, the Bangkok Post reported that about 100 billion baht left the market after the US Federal Reserve increased its interest rate.
The fallout from the war has resulted in higher fuel prices and production costs, causing an economic slowdown. As a result, investors predict international credit rating agencies will downgrade Thailand this year. The 10-year Thai government bond yield has already increased to 2.5.
In order to revive the economy this year, the government will issue bonds and take loans worth approximately 1.5 trillion baht. According to Yuanta Securities Research analysts…
“Theoretically, when the bond yield goes up the stock market tends to be under pressure in the short term, but it is a sign of economic recovery.”
A Krungthai Bank market strategist added that foreign investors will return to the Thai bond market in the second half of the year, under three…
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