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Rising political risks positive for Thai bonds: Barclays
July 09, 2012
If Thailand’s politics grow more turbulent the effect on the sovereign market will likely be positive due to a domestic investor flight to safety and the BoT increasing liquidity, says Barclays.
Increase in political unrest in Thailand could cause a sovereign bond rally as the Bank of Thailand (BoT) would likely cut rates to minimise the impact on the economy and domestic investors would flee to safe assets, according to Barclays.
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