Photographer: Dario Pignatelli/Bloomberg

Thai Yield Drops Below Treasuries for 1st Time Since 2010: Chart

Thailand’s bond yields have fallen to a record low, pushing the kingdom’s 10-year benchmark below its U.S. counterpart for the first time since 2010. Thai yields have been less than 2 percent since early March, the lowest among Asian emerging economies, as banks and insurance companies seek the security of long-term government debt instead of lending in a nation where economic growth lags behind neighbors, according to Porntipa Nungnamjai, a fixed-income specialist at Krungsri Asset Management Co. The Thai 10-year yield, which dropped to 1.63 percent on April 1, averaged 2.74 percent in 2015, versus 2.13 percent for benchmark Treasuries last year.

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