Thailand’s Super-Long Bonds Gain on Tariffs, Political Crisis

Thailand’s longer-maturity bonds are emerging as the top pick for investors seeking shelter from the economic impact of higher US tariffs and domestic political turmoil.

Yields on the country’s 30-year bonds fell to the lowest level since 2021, while a debt auction in the same tenor last week drew the highest demand in two years. In contrast, a 10-year bond sale held on the same day fell short of its target for the first time in over a year.