Thai CDS Post Biggest 2-Day Rise in Year; King’s Health Unstable

5-year credit-protection costs for Thailand rose 11 bps yesterday to 101 bps, highest since July 13, according to CMA New York data.

  • 2-day increase of 18.41 bps was biggest since Aug. 12, 2015
  • USD/THB rose on Wednesday for eighth day, up 1% to 35.720, highest since May
  • NOTE: Thai assets slumped Wednesday, royal palace said for

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