Thai long bonds attract capital as the country’s yield curve steepens to the widest level in emerging Asia.
Investors cite a 110‑basis‑point premium between ten‑year and two‑year notes, the largest gap since November 2022, and a 40‑basis‑point discount to model‑implied fair value.
The Bank of Thailand’s dovish stance, backed by lower inflation and a weak economy, keeps rate hikes unlikely in the next six months. Foreign buyers have added $342 million of Thai debt this quarter, reversing earlier outflows.
Analysts see the 10‑year yield sliding to 2.15 % by year‑end, turning the steep curve into a buying opportunity for duration‑centric investors.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing