0950 GMT [Dow Jones] Thai government bonds end a tad higher in thin
volume, as offshore players buy following positive developments at the
EU summit last week, says a bond dealer. However, trading volume is
thin ahead of the ECB's policy meeting on Thursday. "I think players
have mostly priced in a possible rate cut by the ECB. If the ECB cuts
rates, yields will likely drop marginally," he adds. Market
participants will also focus on Wednesday's auction for potential
trading cues. The MOF is scheduled to auction THB12 billion of
government bonds due March 2019 and THB6 billion of bonds due June
2032 on Wednesday. Yields may drop by 1-2 bps Wednesday. The bid/offer
yield for bonds due December 2015 is at 3.24%/3.23% from 3.25%/3.23%
late Monday, the June 2017 yield is at 3.34%/3.33% from 3.35%/3.34%
and the December 2021 yield is at 3.49%/3.47% from 3.50%/3.47%.
(payungsak.wiriyabunditkul@dowjones.com)
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com
(END) Dow Jones Newswires
July 03, 2012 05:50 ET (09:50 GMT)
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