Well as Steriod Gun has posted here ... why is beyond me and its certainly SPAM
... so have a dose of the latest economics...
Since THB probing lower (9 year lows against USD) took at quick look at THB yeild curve.
Offshore overnight is 1.2% - sign that there is piles of excess liquidity in the offshore market. Bit surprised to see onshore O/N trading 18bp above BoT base rate. Out 9 months the market is pricing in a 25bp rate cut!