(Bloomberg) -- Thailand's 10-year bonds gained a seventh week on expectations the central bank will lower interest rates next week as economic growth slows. The baht held near the strongest since 1997.
Prime Minister Surayud Chulanont said today the nation's economic expansion is cooling because of sliding consumer confidence and the baht's strength. The yield on the 10-year note fell to a 3 1/2-year low as a cut in the key rate at the central bank's May 23 meeting would be the fourth since January.
Read more at Bloomberg Bonds News
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