0411 GMT [Dow Jones] Most Thai government bonds are barely changed in
lackluster trade as many players stay on the sidelines, awaiting fresh
factors. The focus is on June inflation data due later and the
scheduled auction of THB12 billion government bonds due March 2019 and
THB6 billion bonds due June 2032 on Wednesday for trading cues.
"Although the market seems quiet at the moment, but we might see some
players unload bonds ahead of the auction and yields could rise a
bit," says a bond dealer. June CPI likely rose 2.49% on-year and 0.10%
on-month vs May's 2.53% on-year and 0.39% on-month rise, according to
eight economists polled by Dow Jones. Yields are expected to rise by
2-3 bps Monday. The bid/offer yield for bonds due December 2015 is at
3.25%/3.23% late Friday, the June 2017 yield is steady at 3.35%/3.33%
and the December 2021 yield is at 3.52%/3.48% from 3.51%/3.49%.
(phisanu.phromchanya@dowjones.com)
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com
(END) Dow Jones Newswires
July 02, 2012 00:11 ET (04:11 GMT)
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