Thailand’s popularity among bond investors is creating a headache for policy makers counting on exports and tourism to drive growth.
Some $2.1 billion of foreign money has flowed into the nation’s debt this year, making it the top destination among Southeast Asia’s emerging markets. That’s buoying the baht, the region’s best developing-nation performer in 2017, and spurring speculation the currency will cope with rising U.S. interest rates better than its peers.
