Thread: Military Coup In Progress?
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Old 16-11-2006, 01:16
barfly barfly is offline
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Quote:
Originally Posted by K2 View Post
A full 2 months after the coup leaves the markets as follows-

Offshore overnight has plunged to 1.8% - drastic drop from 92.9% (22/09) immediately after the coup- this is indicative of a excess THB in the offshore market.

Onshore O/N down 16bp to 5.26%. Onshore yeild curve is now flat out to 1 year. (Note: Onshore THB rates are the same as the US!)

THB interbank trading 105 satangs stronger than 2 months ago at 36.50 - THB continues to firm as does the SET. The world is seemingly very positive about Thailand and the economic progress made under this administration.

(Noticed the drastric drop in offshore O/N so thought worthy of an update).



Are we meant to understand any of that?
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