Thailand emerges as unlikely bond-flow magnet

Thailand emerges as unlikely bond-flow magnet - In a vote of confidence for the Thai economy and the stability of the country Thailand money is pouring into Thai sovereign bonds. The flow of money has been such that Thailand currently has lower yielding bonds than South Korea. Thailand, with one of the world’s best performing currencies in 2017 and low currency volatility to boot, the allure is there for all to see. With credit default swaps (the cost of insuring a countries bonds against default) lower than the developed market of Spain and half that of Indonesia, investors clearly believe stable times are here to stay.

With general elections due next year and the period of mourning ending next month there is a lot to be positive about in the land of smiles.

http://www.bangkokpost.com/business/news/1322847/thailand-emerges-as-unlikely-bond-flow-magnet