“But this is not a big concern as most local banks’ financial health remains sound and can provide support.”……….Where have we seen comments of a similarly flippant nature in the past? The examples are peppered liberally throughout the pages of financial history, and although we all hope that the asian bond markets truly believe this to be the case (or are suitably confident in the omnipotence of central banks), one has to wonder.
As tourism dependent Thailand continues to suffer from the global impact of COVID-19, bond markets are, as in most regions, beginning to show signs of strain. Read more……….
