Markets undaunted after Thai coup

pg14-gif

The military coup that swept Thailand's prime minister, Thaksin Shinawatra, out of power on September 19 has been met with a cool response from the financial markets, with little reaction outside Thailand.

While credit default swaps on Thai sovereign bonds touched 70 basis points in intra-day trading in the immediate aftermath of the coup, they quickly fell back to 45bp - just 10bp higher than a day before the military action.

"There was increased uncertainty and a bit of a shock reaction, whi

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: