Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

A full service Thai brokerage

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

Thematic (Sector/Industry)

Thailand Financials / Thematic (Sector/Industry)

<ul><li>The US 20-year bond auction on May 22 may accelerate the rise in US bond yields after it was observed that indirect bidders (mostly foreign reserves) have continued to reduce their share in long-term 30-year bond auctions, falling to 58.8% in May — dropping below the 60% level for the first time in three years (Figure 1).</li><li>This indicates that global reserves have lowered their demand for holding long- term US bonds.</li><li>The reduction in US bond holdings by global reserves has pressured the bid cover ratio downward (Figure 2), resulting in a spike in auction yields on the primary market to as high as 4.82%, nearing the record high of 4.91% (Figure 3). </li></ul>

The US 20-year bond auction on May 22 may accelerate the rise in US bond yields after it was observed that indirect bidders (mostly foreign reserves) have continued to reduce their share in long-term 30-year bond auctions, falling to 58.8% in May — dropping below the 60% level for the first time in three years (Figure 1).This indicates that global reserves have lowered their demand for holding long- term US bonds.The reduction in US bond holdings by global reserves has pressured the bid cover ratio downward (Figure 2), resulting in a spike in auction yields on the primary market to as high as 4.82%, nearing the record high of 4.91% (Figure 3). 

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