(Bloomberg) -- Thailand's government bonds rose,
reversing earlier losses, after the government canceled a
scheduled debt auction today. The baht was little changed.
The government scrapped the sale of 5 billion baht ($145
million) of 2024 bonds, saying investors demanded too high a
yield. Benchmark 10-year yields rose to a two-month high
yesterday after a government report the previous day showed the
economy expanded a faster-than-expected 4.3 percent during the
first quarter.
Read more at Bloomberg Bonds News
reversing earlier losses, after the government canceled a
scheduled debt auction today. The baht was little changed.
The government scrapped the sale of 5 billion baht ($145
million) of 2024 bonds, saying investors demanded too high a
yield. Benchmark 10-year yields rose to a two-month high
yesterday after a government report the previous day showed the
economy expanded a faster-than-expected 4.3 percent during the
first quarter.
Read more at Bloomberg Bonds News
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