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Surging Treasury Yields Leave Thai Bonds Most at Risk in Asia

  • Bloomberg analysis shows vulnerability of Thai sovereign debt
  • Thai real yields are the tightest versus emerging Asia peers

Thai bonds look vulnerable to further losses as the volatility in U.S. Treasuries is far from over. 

The securities are the most susceptible among Asian emerging markets to a further surge in Treasury yields, according to a Bloomberg analysis of seven countries. Total returns on baht-denominated sovereign bonds are down 6.1% since Russia invaded Ukraine on Feb. 24, the biggest laggard, according to data compiled by Bloomberg.