Home > Business > US treasuries in less demand

US treasuries in less demand

With US short rates falling sharply, the long-term dollar outlook remains weak and this likely means that foreign net buying of US Treasury securities will continue its downward trend, DBS Bank said in a paper released last week.

Published on March 10, 2008

DBS Research Group said it was noteworthy that the downtrend so far had been due to a slowing of net buying by official rather than private entities. Data show that foreign purchases by private entities are still trending sideways, while those by official entities have ground to a halt on a six-month moving-average basis.

This suggests that risks probably lie more with private interests in US debt than official ones, in which regard the US$9.8 billion (Bt309 billion) of net selling by private entities in December last year, despite flight to quality,

The Nation

Baby food maker to increase output
Nestle (Thai) is spending Bt75 million on marketing to boost the share of its Cerelac baby food.
Court extends deadline for PTT
PTT has been given extra time to complete the transfer of assets to the Finance Ministry.

US treasuries in less demand

With US short rates falling sharply, the long-term dollar outlook remains weak and this likely means that foreign net buying of US Treasury securities will continue its downward trend, DBS Bank said in a paper released last week.

OTHER BUSINESS

Baby food maker to increase output

Court extends deadline for PTT

Top Stories