Thailand 10Y Bond Yield Hits 3-year Low

Thailand’s 10-year government bond yield retreated to around 1.74% after reaching its highest level since June last year, as expectations of further monetary easing tempered concerns over upcoming fiscal spending ahead of the February election. Bank of Thailand Governor Vitai Ratanakorn recently said rates could be cut further, though he noted that monetary policy alone cannot resolve structural issues. These expectations have eased pressure on long-term yields, which had previously risen amid worries about heavy debt-funded stimulus that dampened demand for longer-dated securities. Investors are closely watching the government’s borrowing plans and upcoming debt auctions, as elevated yields could raise financing costs and limit fiscal space. Broader challenges include US tariffs, southern flooding, border tensions with Cambodia, and the baht’s recent strength weighing on exports and tourism.

Thailand 10 Year Government Bond Yield decreased to a 3-year low of 2.14%. Over the past 4 weeks, Thailand 10Y Bond Yield lost 18.40 basis points, and in the last 12 months, it decreased 37.40 basis points.

Thailand 10 Year Government Bond Yield decreased to a 35-month low of 2.20%. Over the past 4 weeks, Thailand 10Y Bond Yield lost 3.00 basis points, and in the last 12 months, it decreased 30.00 basis points.