Foreign funds continue to exit the Thai bond market, totalling about 1.5 billion baht since the central bank further loosened its monetary policy, due to profit-taking, says the Thai Bond Market Association (TBMA). Bond yields with a maturity of less than six months hovered at 1%, while the 10-year government bond yield stood at 1.3%. Foreign investors locked in profits after the rate cut prompted bond yields to dip further, with the baht's value depreciating to around 31 against the US dollar. Non-resident net outflows in Thai bonds were valued at 2 billion baht on a month-to-date basis as of Feb 7, down from January's inflows worth 11.3 billion baht. Foreign funds in the bond market still remained as net inflows worth 9 billion baht on a year-to-date basis.

Source: Bangkok Post February 09, 2020 23:24 UTC