According to Jindarat Viriyataveekul, public debt advisor at PDMO, the full impact of the tariff hikes has not yet materialised. However, the yield curve for US medium- to long-term bonds has risen, as investors gradually sell off US government bonds in those maturities based on a lack of confidence in the long-term US economic outlook, amid concerns that the stringent tariff policy will lead to stagflation. Moreover, the recent weakening of the US dollar, stemming from expectations of higher inflation, has led to a slight increase of capital inflows into Thailand's government bond market.
Author: Wichit Chantanusornsiri
Published at: 2025-04-20 21:29:00
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