0402 GMT [Dow Jones] Thai government bonds are mostly lower on
profit-taking after recent steep gains. However, the immediate
downside will likely be limited as some participants are looking to
buy on dips amid improving risk sentiment after Greece's pro-bailout
party wins Sunday's election. "Many players are expecting more
liquidity from the West to flow to this part of the world, so I don't
think yields could really rise much," says a bond dealer. Growing
anticipation of possible monetary easing later in the year by Bank of
Thailand also lends support; Governor Prasarn Trairatvorakul
reiterated Friday that the central bank has policy room to respond if
the euro-zone crisis worsens. Yields are expected to move in a tight
2-3 bps range for the session. The bid/offer yield for bonds due
December 2015 is at 3.21%/3.19% from 3.20%/3.18% late Friday, the June
2017 yield is at 3.32%/3.31% from 3.32%/3.30% and the December 2021
yield is at 3.51%/3.48% from 3.49%/3.47%.
(phisanu.phromchanya@dowjones.com)
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com
(END) Dow Jones Newswires
June 18, 2012 00:02 ET (04:02 GMT)
No comments:
Post a Comment