Thailand Bond Outflow Hits $1 Billion, Set for Largest Since 2022

Global funds dumped more than $1 billion of Thai bonds this month, putting the market on track for its biggest foreign selloff in four years, as investors exit emerging markets on escalating Middle East tensions.

Overseas investors withdrew $1.2 billion on Friday, the largest since March 2022, according to data from the Thai Bond Market Association. They also offloaded $1.2 billion of Thai equities, set for the biggest in two years.