In today’s briefing:
- Asian Bond Monitor: Baht Bond Bummers (“BBB”)
- Lucror Analytics – Morning Views Asia
Asian Bond Monitor: Baht Bond Bummers (“BBB”)
- This report will be different as we look into the latest THB bond offerings and give our opinion to Thai retail investors.
- Thai rates will continue to be depressed in an attempt to spur the economy.
- For Thai retailed investors, we believe Sermsang Power’s 2.33-year THB bonds with 4.5% are the most attractive among peers.
Lucror Analytics – Morning Views Asia
- UST yields rose 2-4 bps on Friday, as haven flows into treasuries eased after US President Donald Trump indicated that high tariffs on China would not be sustainable.
- Yields on 2Y and 10Y USTs rose 3 bps to 3.46% and 4.01%, respectively. Equities ended higher, recovering from declines earlier in the day.
- The S&P 500 and Nasdaq both increased 0.5% to 6,664 and 22,680, respectively.
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