BOT's decision: a gradual boon to bond market

Thai Bond Market Association (ThaiBMA) president Nattapol Chavalitcheevin said on Friday that the Bank of Thailand's decision to revoke the 30 per cent reserve requirement is a positive signal that Thailand is welcoming foreign investment.

However, he does not anticipate an immediate influx into the bond market, as foreign investors mostly focus on short-term investment, lasting no more than a year. Yet, huge inflows to the market would bring down bond yields and benefit the government which is raising funds to finance its projects.

"Prior to the enforcement of the capital reserve measure, foreign investment in the bond market accounted for 20 per cent or about Bt130 billion. Following the enforcement, their holding has declined to Bt50.7 billion or 1 per cent of total market value," he said.

He anticipated foreign transactions would rise, but gradually.

- The Nation

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BOT's decision: a gradual boon to bond market

Thai Bond Market Association (ThaiBMA) president Nattapol Chavalitcheevin said on Friday that the Bank of Thailand's decision to revoke the 30 per cent reserve requirement is a positive signal that Thailand is welcoming foreign investment.

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