Market Reports

A daily review of the financial markets including FOREX, bonds, commodities and futures market prices, deposit and lending rates and more.

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07 February 2018

Get a daily outlook on a range of trade data, including FOREX and THB Bonds market prices, deposit and lending rates & more.

FX Market Outlook - written by Sukrawan Na Thalang

                    This morning the Thai baht opened at 27.77/79 THB/USD, unchanged from yesterday''s close. The USD held its own status on Tuesday without big major economic data. Meanwhile, the euro opened at 1.2463/67 USD/EUR, depreciating from yesterday''s close at close at 2.8374/96 USD/EUR. The eurozone''s biggest economies Germany and France rebounded in Q3. However, the ECB chairman Mario Draghi clearly said last night that he is considering further monetary policy to reach his goal of eurozone inflation. The yen opened at 116.54/55 JPY/USD, depreciating from yesterday''s close at 116.13/18 JPY/USD. The recession in the Japanese economy for two straight quarters bolster the market expectation that Shinzo Abe will delay his plan to raise taxes and call an early election this month. The German ZEW economic Sentiment and the UK’s inflation are the main events today. At 8.50 a.m. the Thai baht was trading at 32.78/80 THB/USD

THB Bonds Market Outlook - written by Pinporn Pirncharoenroaj

                    On UAT3 7 Feb 2018, total trading volumes increased 4.55% to 955 THB bln. Outright transactions accounted for 6.76% of total trading, amounting to THB 64 bln, 24.68% higher than the previous day. For the auction, TB14D17A gained 2.0000-2.0079% at an average of 2.00484%. The bid coverage ratio was 1.44 times supply. For the secondary market, yields on bonds for most tenors decreased by 3-5 bps. The Thai GDP expanded 0.6% in the third quarter which is below expectations. At the end of the day, government bond yields for all tenors changed by +3 to 0 bps.

FX Rate

FX Rate NY Close Tokyo Open
USD/JPY 204.13/60 149.09/65
EUR/USD 1.2449/51 1.2448/52
GBP/USD 1.5638/42 1.5636/40
USD/CHF 0.9648/50 0.9647/51
USD/SGD Unq/Un/nq 1.2974/76
USD/HKD /// 7.7546/51
AUD/USD 0.8707/11 0.8721/25

LIBOR

Month (%) USD EUR JPY CHF
1 month 0.2340 0.0003 0.5834 -0.0020
2 months 0.2035 0.0314 0.0971 0.0030
3 months 0.2319 0.0536 0.1021 0.0020
6 months 0.3257 0.1471 0.1493 0.0494
12 months 0.5611 0.3007 0.2826 0.1484

Monetary Policy Rate

O/N 5.4278

World Gorvernment Security

THB / USD Yield (%) Spread
JGB 10 years 2.73
Thai Gov't 10 years - N/A

Onshore THB Implied Swap

Duration Bid Offer
1 month 4.81 1.94
2 months 1.86 1.88
3 months 1.80 1.82
6 months 1.76 1.78
1 year 1.76 1.78
2 years 1.84 1.87
3 years 1.99 2.01
4 years 2.13 2.16
5 years 2.28 2.31
7 years 2.50 2.53
10 years 2.74 2.77

Gov't THB Bonds ***

Duration Yield
1 year 7.39
2 years 8.15
3 years 2.34
5 years 2.49
7 years 2.71
10 years 3.01
12 years 3.16
14 years 3.31

*** TBDC Yield Curve

Reference Rate

THB / USD 50.182
Change -2.984 Baht

Deposit Rate

More
Saving 0.25
Current 0.10
Fixed 3 Months 1.52
Fixed 6 Months 1.65
Fixed 12 Months 2.04
Fixed 24 Months 2.23

Lending Rate

More
MLR 4.685
MOR 7.52
MRR 8.29

U.S. Interest Rate

Prime Rate 2.85
Fed Fund Rate* 0-1.25

* Closing Rate in NY Market

Money Market Rate at 9:00 am

Interbank O/N 1.8400

* TBDC Bidding Yield

U.S. Treasury

Duration Yield
3 months 0.13
6 months 7.07
12 months 0.14
2 years 0.51
5 years 1.61
10 years 2.33
30 years 3.05

Treasury Bill ****


YTM
1 month 1.37
3 months 2.04
6 months 2.07

**** TBDC Bidding Yield

Commodities, at 8:00 am

Oil : Brent FEB 23.17 $/Barrel
Gold 1185.90 $/Ounce

THB/USD Fwd Rate

Duration Export Import Satang
1 month -14.34 -6.10 Satang
2 months 7.50 10.50 Satang
3 months 11.50 15.50 Satang
6 months 22.00 29.00 Satang

World index

World index Close Change
Dow Jones 17347.75 +13.01
FTSE 6671.97 +17.60
Nikkei 16973.80 -517.03
Hang seng 23797.08 -290.30
Singrapore 3288.67 -27.00
Taipei 1569.07 -6.81
BBL 199.00 -1.00
2015
Remark: The information shown is prepared for display on Bangkok Bank’s website only and is made based on our most up-to-date data from reliable sources. Bangkok Bank and its officers will not be responsible for any loss or damage resulting from the use of such information.

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