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Average Daily Turnover on Thai Bond Dealing Centre Plummets 31 Percent.

Bangkok Post (Bangkok, Thailand)

| April 03, 2003 | COPYRIGHT 2003 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Apr. 3--Daily turnover on the Thai Bond Dealing Centre (TBDC) averaged 7.9 billion baht in March, a decline of 30.9 percent from the previous month, a result of poor market sentiment in the wake of the US-led invasion of Iraq.

Outright transactions represented 78.4 percent of total transactions in March, with financing and other transactions accounting for 21.6 percent.

The TBDC said government bonds accounted for 49.8 percent of all transactions in March, a decline from 62.5 percent in February. Treasury bills accounted for 19.75 percent of total trade in March, down from 22.1 percent in February.

Trade in bonds issued by the Bank of Thailand ...

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