In this week’s Alpha Bites, I recommend closing rate curve flatteners in Thailand and India. I had recommended flatteners in these two countries as curves in Asian countries in general lagged the flattening in the US and the rest of EM. This was because of rising growth uncertainty resulting from new coronavirus waves amid slow pace of vaccinations. This is now changing as rate curves in both countries have begun to price in monetary tightening, leading to flattening of the curves.
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