(Bloomberg) -- Thailand's 10-year bonds headed for a fourth weekly gain on speculation the central bank will cut interest rates in May as economic growth slows. The baht dropped.
The yield on the securities has fallen more than a quarter of a percentage point since the central bank lowered borrowing costs for a third time this year on April 11 and is below the nation's key lending rate. Central bank Governor Tarisa Watanagase yesterday said a reduction in will help buoy the economy and boost confidence.
Read more at Bloomberg Bonds News
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