MARKET TALK: Thai Govt Bonds Fall; 4Q GDP, Economic Outlook Eyed

Thai government bonds are lower in active trade. Foreign investors sell bonds, mostly in short-to-medium tenors, as they anticipate substantial new supply in the coming weeks, says a bond dealer. "Given the ongoing momentum, I think yields may continue to rise by a few more basis points tomorrow, she says. The focus now turns to Thailand's 4Q GDP data and economic outlook from government think-tank National Economic and Social Development Board due Monday. The bid/offer yields for bonds due December 2015 are at 3.16%/3.14% from 3.13%/3.10% late Wednesday, the June 2017 yield is at 3.23%/3.21% from 3.20%/3.17% and the December 2021 yield is at 3.35%/3.30% from 3.34%/3.29%.