News Forum - Foreign investors sell 123 billion baht in bonds since Russia’s war in Ukraine

[Thaiger]

Foreign investors of Thai bonds are selling off their baht in favour of the dollar dollar. Since Russia’s invasion of Ukraine, the Thai bond market has recorded net sales of some 123 billion baht in foreign capital. That’s according to the Thai Bond Market Associate, which reported the data for February 4 to March 28. Last month, about 100 billion baht left the market after the US Federal Reserve increased its interest rate, the Bangkok Post reported. The fallout from the war has resulted in higher fuel prices and production costs, causing an economic slowdown. As a result, investors predict […]

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[palooka]

According to Krungthai Bank market strategist Poon Panichpibool, foreign investors will return to the Thai bond market in the second half of the year, under three key conditions: when the war in Ukraine ends, the economy gains to improve and the government’s monetary policies have a clearer trajectory.

Think Poon Panichpibool has been hanging out with TAT again.

Be lucky to get one of those conditions in the next year.

[Soidog]

2 hours ago, palooka said:

According to Krungthai Bank market strategist Poon Panichpibool, foreign investors will return to the Thai bond market in the second half of the year, under three key conditions: when the war in Ukraine ends, the economy gains to improve and the government’s monetary policies have a clearer trajectory.

Think Poon Panichpibool has been hanging out with TAT again.

Be lucky to get one of those conditions in the next year.

It’s beyond words really with these people. These guys watch people from the Federal Reserve or the Bank of England and think “Oh look at these important people, they are always making predictions. I will make them as well”. What they fail to see is that the Fed and BoE have an army of financial analysts and other experts in global issues to feed in to such predictions. This guy is no better than Gypsy Rose Lee in Blackpool reading your tea leafs.