| FX Market Outlook |
On Tuesday, the Thai baht opened at 35.78/80 THB/USD, weaker from yesterday's closing level of 35.72/75 THB/USD. The Thai baht surged beyond 35.75 THB/USD at start of the week as onshore political tensions remain high, within reach of its first target at 35.80. Break of the said level, would extend the rally to next technical resistance at 35.90 THB/USD. The yen was broadly higher, reaching a one-month high versus the dollar as plunging equity pices prompted investors to reverse risky trades. The yen was trading at 93.66/72 JPY/USD stronger from yesterday's closing level of 94.05/11 JPY/USD. A survey by the Institute for Supply Management showed U.S. manufacturing output fell in November to its weakest level since the 1981-1982 recession, fanning fears of a long economic downturn. The reports supported expectations that the Fed would cut its benchmark overnight lending rate by about half a percentage point, to 0.50 percent this month. The euro was trading at 1.2626/29 USD/EUR, weaker from yesterday's closing level of 1.2660/61 USD/EUR The Thai baht was trading at 35.78/80 THB/USD on 8.30 A.M.
|
| THB Bonds Market Outlook |
On December 1, total trading values decreased by 17% to 210 THB bln. Outright transactions accounted for 12% of total trading, amounting to 24 THB bln, 77% lower than the previous day. At auction, TB09304B and TB09603A gained 3.07% - 3.13% and 2.977% - 3.11% with an average of 3.09701% and 3.07422% and a bid of coverage ratio of 2.39 and 3.11 respectively. The Thai bond market traded with low volume and its yields moved down especially in long term bonds by about -15 bps. LB183B traded higher in price for a yield of 3.55%, the lowest level this year. At the end of the day, CB08D16A was the most active bond with more than 2,000 milliom baht in volume.
|
 |
| JPY/USD |
093.13/16 |
093.20/25 |
| EUR/USD |
1.2605/07 |
1.2594/99 |
| GBP/USD |
1.4882/90 |
1.4855/65 |
| CHF/USD |
1.2054/58 |
1.2040/50 |
| SGD/USD |
////// |
1.5283/97 |
| HKD/USD |
////// |
7.7508/16 |
| AUD/USD |
0.6391/96 |
0.6370/73 |
|
| 1 month (%) |
1.9113 |
3.5238 |
0.9425 |
0.8717 |
| 2 months (%) |
2.0663 |
3.7288 |
0.9313 |
1.0500 |
| 3 months (%) |
2.2200 |
3.8238 |
0.9463 |
1.2400 |
| 6 months (%) |
2.6063 |
3.8638 |
1.0263 |
1.4183 |
| 12 months (%) |
2.7738 |
3.9250 |
1.1363 |
1.6600 |
|
| US 10 years |
3.67 |
|
| Thai Yankee 2007 |
N/A |
N/A |
| JGB 10 years |
1.38 |
- |
| Thai Gov't 10 years |
3.66 |
- |
|
|
|
| THB / USD |
35.695 |
|
| Change |
+0.230 |
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 |
4.00 |
% |
| Fed Fund Rate* |
1.00 |
% |
|
| * Closing Rate in NY Market |
| |
|
| 3 months |
0.12 |
% |
| 6 months |
0.43 |
% |
| 12 months |
N/A |
% |
| 2 years |
0.90 |
% |
| 5 years |
1.70 |
% |
| 10 years |
2.72 |
% |
| 30 years |
3.21 |
% |
|
| |
|
| 1 month |
3.25 |
% |
| 3 months |
3.20 |
% |
| 6 months |
3.18 |
% |
|
| Oil : Brent |
JAN |
47.53
|
$/Barrel |
| Gold |
773.95 |
$/Ounce |
|
| |
| 1 months |
0.50 |
6.00 |
Satang |
| 2 months |
1.00 |
7.00 |
Satang |
| 3 months |
1.50 |
8.00 |
Satang |
| 6 months |
2.00 |
11.00 |
Satang |
|
| Dow Jones |
8149.09 |
-679.95 |
| FTSE |
4065.49 |
-222.52 |
| Nikkei |
8397.22 |
-115.05 |
| Hang seng |
14108.84 |
+220.60 |
| Singrapore |
1690.23 |
-42.34 |
| Taipei |
390.92 |
-10.92 |
|
| 1 month |
2.91 |
3.31 |
| 2 months |
2.68 |
2.88 |
| 3 months |
2.70 |
2.85 |
| 6 months |
2.86 |
2.92 |
| 1 year |
2.80 |
2.90 |
| 2 years |
2.75 |
2.85 |
| 3 years |
2.80 |
2.90 |
| 4 years |
2.85 |
2.95 |
| 5 years |
3.00 |
3.10 |
| 7 years |
3.10 |
3.20 |
| 10 years |
3.20 |
3.30 |
|
| |
|
| 1 year |
3.05 |
% |
| 2 years |
3.10 |
% |
| 3 years |
3.13 |
% |
| 5 years |
3.25 |
% |
| 7 years |
3.50 |
% |
| 10 years |
3.66 |
% |
| 12 years |
3.97 |
% |
| 14 years |
4.11 |
% |
|
|
