Thai Bonds See Rush of Inflows on Rate-Cut Bets, Gold Prices

Thailand’s bond market is on course for its best monthly inflows in more than three years, helped by interest-rate-cut bets and a stronger baht due to surging gold prices.

Global funds have poured about $2 billion into the local debt so far this month, the highest since February 2022, according to data from the Thai Bond Market Association. In contrast, Indian and Indonesian debt saw outflows during the period.