Foreign investors seen shunning Thai bonds amid low returns
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published : 13 Jan 2021 at 15:29
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Foreign investors are expected to keep steering clear of the Thai bond market in 2021 after two years of selling due to low returns, while the country s benchmark interest rate is unlikely to fall further this year, an industry body said on Wednesday.
Other global risk assets offered quicker and higher returns, including stocks and Bitcoin, particularly given the US dollar is expected to weaken, Tada Phutthitada, president of the Thai Bond Market Association (TBMA), told a news conference. The spreads between Thai debt and US treasuries are also very small, so foreign funds may not flow in anymore, he said.