This has prompted the central bank to step up efforts to discourage fund inflows. Bond yield -- the amount of return that an investor will realise on a bond -- moves inversely to price. The funds have subsequently shifted to longer-dated notes, with which the central bank is less concerned. For instance, one-month bond yield was down by five basis points to 1.40% on April 21 from 1.45% at the end of March. With the US's close monitoring, the less likelihood that the central bank will impose draconian capital controls, Mr Amornthep said.

Source: Bangkok Post April 24, 2017 21:56 UTC