Tuesday, June 12, 2007

Thailand's 12-Year Bonds Fall on Slump in U.S. Treasuries; Baht Weakens

(Bloomberg) -- Thailand's 12-year bonds fell, pushing
yields to the highest in almost four months, on speculation rising
U.S. yields will deter investment in local debt.

Yields on 10-year U.S. Treasury notes climbed to the highest
in five years yesterday after former Federal Reserve Chairman Alan
Greenspan predicted declines in U.S. and emerging market debt.
Thailand's government bonds lost 1.41 percent this month, the
worst of 10 Asian debt markets compiled by HSBC Holdings Plc.


Read more at Bloomberg Bonds News

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