First decline in foreign bond holding seen in 2013: ThaiBMA
Foreign bond holding fell to Bt707 billion at the end of 2013, showing the net sell of Bt3 billion throughout the year, according to Thai Bond Market Association.
Ariya Tiranaprakit, executive vice president of ThaiBMA, told Krungthep Turakij that the net-sell position was a result of the tapering in the US bond-buying programme.
She said that the oustanding amount showed the annual decline for the first time in recent years.
The association’s rate survey showed that 11 of 13 dealers are convinced that Thailand’s policy rate should remain at 2.25 per cent through the end of this year. The other two foresee a rate cut, if political impacts on the economy increase.
On January 14, foreign investors bought Bt4 billion net of Thai bonds.