2012.05.30 05:53:26 MARKET TALK: Thai Govt Bonds Tad Up; Rangebound Trade Likely

0353 GMT [Dow Jones] Most Thai government bonds edge higher on follow-through buying after a strong auction outcome; the MOF sells THB10 billion worth of government bonds due March 2019 with a weighted average accepted yield of 3.6981, and bid coverage ratio at 2.81X. "Both local and offshore names are snapping up bonds after the auction result," says a bond dealer. Investors are keeping their eyes on May's CPI data due Friday for the near-term trading cues. Yields are expected to hover around current levels throughout the session. The bid/offer yield for bonds due December 2015 is at 3.49%/3.48% from 3.50%/3.48% late Tuesday, the June 2017 yield is at 3.59%/3.57% from 3.61%/3.59% and the December 2021 yield is at 3.82%/3.79% from 3.82%/3.80%. (oranan.paweewun@dowjones.com) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com (END) Dow Jones Newswires May 29, 2012 23:53 ET (03:53 GMT)