Thailand Bond Sale Demand Slides to Lowest in at Least Six Years

Thailand’s sale of 30-year bonds drew the weakest demand in at least six years amid concern over a potential sovereign rating downgrade and uncertainty over the outlook for interest rates.

The nation’s auction of debt due in June 2055 drew a bid-to-cover ratio of 0.68, the lowest for the 30-year maturity since at least 2019. A sale of 2029 bonds on the same day saw a bid-cover ratio of 1.39.