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 Bonds, Currencies & Commodities
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12 Feb 06 11:05
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Bonds fall on stock concern
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Shanthy Nambiar ,bloomberg
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Thailand's 10-year local-currency bonds fell for a fourth day on concern a rebound in the stock market will lure investors away from government debt. The country's benchmark stock index had its biggest gain in eight days on optimism about corporate earnings.
Overseas money managers bought a net 1.13 billion baht ($29 million) of Thai stocks yesterday, according to stock exchange figures, bringing their purchases for the year to 81 billion baht.
Gains in stocks reduce the allure of the fixed...
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