| FX Market Outlook |
On Tuesday, the Thai Baht opened at 34.44/48, weaker than yesterdays closing level of 34.33/35. The U.S. dollar scaled a fresh 13-month peak versus the euro, trading last at $1.3444. The yen posted its biggest one-day rise against the dollar since the 1998 massive unwinding of carry trades , while surging against higher-yielding currencies such as the Australian and New Zealand dollars, as investors anticipated a coordinated global response to the credit crisis. Worries that the financial crisis is spreading from the United States to the rest of the world and damaging the global economy sparked a sharp global stock sell-off on Monday, prompting investors to dump risky positions. The Reserve Bank of Australia as the central bank cut interest rates by an aggressive 100 basis points to 6.0 percent this time. But the Bank of Japan leave the overnight call rate unchanged at 0.5 percent. At 8.30, the Thai Baht was trading at 34.57/58 THB/USD.
|
| THB Bonds Market Outlook |
On October 06, total trading values decreased by 39% to THB 174 bln. Outright transactions accounted for 20% of total trading, amounting to THB 34 bln, 59% lower than the previous day. On market, government bond yields for all tenors were up by a range of 5-8 bps, because foreign investors were taking profits. Then, yields began to fall as the bad news for the global economy and the poor financial situation in the EU made investors move their capital to safer assets like government bonds. The SET index closed by 38.25 points lower. At the end of the day, government bond yields for all tenors fluctuated in a range of -2 to +2 bps.
|
 |
| JPY/USD |
101.32/37 |
101.55/60 |
| EUR/USD |
1.3487/91 |
1.3515/20 |
| GBP/USD |
1.7438/43 |
1.7428/32 |
| CHF/USD |
1.1481/87 |
1.1477/82 |
| SGD/USD |
////// |
1.4678/85 |
| HKD/USD |
////// |
7.7707/21 |
| AUD/USD |
0.7095/99 |
0.7209/11 |
|
| 1 month (%) |
4.0925 |
5.1225 |
1.0263 |
2.8967 |
| 2 months (%) |
4.1738 |
5.1963 |
1.0388 |
2.9517 |
| 3 months (%) |
4.2888 |
5.3375 |
1.0600 |
3.0417 |
| 6 months (%) |
4.0525 |
5.4125 |
1.1325 |
3.1117 |
| 12 months (%) |
3.9525 |
5.4775 |
1.2850 |
3.3050 |
|
| US 10 years |
3.67 |
|
| Thai Yankee 2007 |
N/A |
N/A |
| JGB 10 years |
1.40 |
- |
| Thai Gov't 10 years |
4.41 |
- |
|
|
|
| THB / USD |
34.366 |
|
| Change |
+0.179 |
Baht |
|
| Fixed : |
3 months |
2.375 |
% |
| |
6 months |
2.50 |
% |
| |
12 months |
2.75 |
% |
| |
24 months |
3.50 |
% |
| Saving A/C |
0.75 |
% |
|
| MOR |
7.50 |
% |
| MLR |
7.25 |
% |
| MRR |
7.75 |
% |
|
| Prime Rate |
5.00 |
% |
| Fed Fund Rate* |
2.00 |
% |
|
| * Closing Rate in NY Market |
| |
|
| 3 months |
0.59 |
% |
| 6 months |
1.12 |
% |
| 12 months |
N/A |
% |
| 2 years |
1.51 |
% |
| 5 years |
2.51 |
% |
| 10 years |
3.50 |
% |
| 30 years |
4.01 |
% |
|
| |
|
| 1 month |
3.54 |
% |
| 3 months |
3.55 |
% |
| 6 months |
3.55 |
% |
|
| Oil : Brent |
NOV |
83.90
|
$/Barrel |
| Gold |
863.40 |
$/Ounce |
|
| |
| 1 months |
-6.00 |
0.50 |
Satang |
| 2 months |
-12.00 |
PAR |
Satang |
| 3 months |
-18.00 |
PAR |
Satang |
| 6 months |
-36.00 |
PAR |
Satang |
|
| Dow Jones |
9955.50 |
-369.88 |
| FTSE |
4589.19 |
-391.06 |
| Nikkei |
10473.09 |
-465.05 |
| Hang seng |
16803.76 |
-878.64 |
| Singrapore |
2168.32 |
-128.80 |
| Taipei |
551.80 |
-38.25 |
|
| 1 month |
3.70 |
4.00 |
| 2 months |
3.78 |
4.10 |
| 3 months |
3.82 |
4.15 |
| 6 months |
3.95 |
4.25 |
| 1 year |
3.20 |
3.30 |
| 2 years |
3.30 |
3.40 |
| 3 years |
3.50 |
3.60 |
| 4 years |
3.70 |
3.80 |
| 5 years |
3.80 |
3.90 |
| 7 years |
3.95 |
4.05 |
| 10 years |
4.05 |
4.15 |
|
| |
|
| 1 year |
3.56 |
% |
| 2 years |
3.64 |
% |
| 3 years |
3.72 |
% |
| 5 years |
4.02 |
% |
| 7 years |
4.20 |
% |
| 10 years |
4.41 |
% |
| 12 years |
4.60 |
% |
| 14 years |
4.69 |
% |
|
|
