Thailand’s Bond Slump Seen Deepening as Inflation Concerns Mount

Thailand’s sovereign bonds — among the world’s worst performers since the Iran war erupted — face more losses as rising inflation risks add to worries over fiscal strain, analysts say.

Local-currency Thai bonds have lost 4.1% since the end of February, the most after the UK among 29 global markets tracked by Bloomberg. The yield on Thailand’s 10-year notes surged 52 basis points in March, the biggest jump since September 2022.