การไหลเข้าออกของเม็ดเงินต่างชาติ แล

The inflow of foreign money and influence investments in the bond market, Thailand.By enough to stare at the amount of light, research and development.Since the beginning of the past year. Thailand country faced retribution, the inflow of foreign money-quite environment. From the ever-inflow (Inflow) in early years until there is flow (Outflow) continuously in the range 4-5 months and started flowing back in again during 1-2 weeks ago. To change the direction of the flow of foreign capital. As a result, stock prices in the stock and bond prices up-down adjustment by significantly, especially during the month of. May – August (4 months). With money flowing out of the international bond market, Thailand more than 170000 million combined. This number is divided by a strong Outflow from bond sales in the short term (less than 1 year remaining), 20000. Million. Strong Outflow from bond sales in the long term (more than 1 year remaining) 40000. Million and the rest about 110000 million arising from the expiry of the bond, that foreign investors have ever held. Which is a number that happens to make a clear picture of how the flow of money in the past as the flow range from short age, primarily bond? (110000 + 20000 = 130000 million), while the Outflow from the current portion of long-term debt, despite a relatively high quantity. But it also is not much of a concern. When the amount on hand (Holding) of all the long-term debt of foreign investors that are located over 590000 million. During that time.However, the Outflow was born. With the price of the bond decreases in every age range, or one could say that in return on investment in the bond (Yield), an increase by 5 years of age, Yield of bonds, an increase from levels of 3.0% during the month. May to 3.7%, while the Yield of the 10-year-old bonds, an increase from 3.5% to 4.3% at the end of the month. The weak baht, while a value of approximately 5.4% of 30.41 Thai baht/USD. In the month. May to 32.06 USD at the end of the month/ Aug All this. Factors that make international money flows out of the country in Thailand during the past 4-5 months may be divided into 2 parts: The concern that u.s. Central Bank (Fed) may decrease the size of the quantitative relaxation measures (QE) after the u.s. economy is likely to rebound better, respectively. Both figures who get unemployment benefit is reduced until the minimum level in the 5 touch last year while GDP quarter 2/56 u.s. expansion over 2.5% compared with the previous quarter, making many predicted that Fed would start reducing the size of the QE measures at the end of the year, particularly in 2556 (2013) Board.(FOMC) policy activities that will be held in a month. September market expected to have clarity about more QE; While other factors that result in Outflow of money from abroad is the trend growth of the economy in the second half of the year, Thailand 2556 (2013) an almost all the worse by the export figures are still continuing contraction, according to the economic slowdown in the major industrial countries, especially in China, which are major export markets of Thailand. As a result, Thailand's GDP in quarter 2/2556 (2013) grew only 2.8% 5.4% in which slowing from the previous quarter. The economic perspective that the worse part is causing the Outflow of money from abroad. อย่างไรก็ตาม ภายหลังการประชุม FOMC ในช่วงกลางเดือน ก.ย. ที่ผ่านมา ที่มีมติไม่ลดขนาดของมาตรการ QE ตามที่หลายฝ่ายเคยคาดการณ์เอาไว้ ส่งผลให้เม็ดเงินต่างชาติที่เคยไหลออกไปในช่วงก่อนหน้า ไหลกลับเข้าสู่ประเทศไทยอีกครั้งหนึ่ง โดยในช่วงระหว่างวันที่ 16 – 20 ก.ย. ต่างชาติกลับเข้ามาซื้อสุทธิในตลาดตราสารหนี้ไทยกว่า 66,000 ล้านบาท โดยในจำนวนนี้เป็นการกลับเข้ามาซื้อสุทธิในตราสารระยะสั้น 48,000 ล้านบาท และซื้อสุทธิในตราสารระยะยาว 18,000 ล้านบาท อย่างไรก็ตามแรงซื้อที่เกิดขึ้นในช่วง 5 วันที่ผ่านมา ส่วนใหญ่แล้วกระจุกตัวในตราสารหนี้ระยะสั้นซึ่งจะทยอยหมดอายุไปในอีกไม่กี่วันข้างหน้า จึงคาดว่าเราอาจจะเห็นยอดซื้อสุทธิต่อเนื่องไปอีกซักระยะเวลาหนึ่ง โดยเป็นการซื้อเพื่อทดแทนตราสารหนี้ตัวเดิมที่หมดอายุลงไปเป็นหลัก But what's interesting is that the net volume 18000 million in long-term debt during the period of 5 working days, or almost half of the best ever in the range 4-5 Outflow the previous month has reflected that Thailand still bond market is another channel of investment, in view of the different national. Prices were dropped down to quite a lot. That general investors may applies to investments of its own, and even if the return from an investment in a bond may be higher when compared to investments in common stock, but the diversion and the risk is somewhat lower levels.

The inflow of foreign funds. And the effect of investments in bonds Thailand by top lighting crazy enough, the research and development since the beginning of last year. Thailand is facing increasing inflow - Out of grain relatively stable foreign currency. From ever inflow (Inflow) in volume early next year. Until the outflow (Outflow) continued during 4-5 months earlier. And began to flow back again in 1-2 weeks. Changing the direction of foreign capital flows. As a result, share prices in the stock market. Bond prices rose - down. According to significantly. Especially during the months of May - September (4 months) with foreign money flowing out of bond markets as Thailand Baht 170,000 million, of which a Outflow resulting from sales force. short-term debt (Maturity less than one year) to 20,000 million baht Outflow resulting from strong sales in long-term debt. (Maturity greater than one year) and the remaining 40,000 million Baht 110,000 million baht due to the expiration of the debt, foreign investors have been holding out. The figures give a clear picture that happen. The outflow of funds in the past to flow out of the debt was short lived as the primary (110,000 + 20,000 = 130,000 million baht), while Outflow from long-term debt that even with relatively high volume. But also on the level that is unlikely to worry too much. Compared to holding (Holding) long-term debt by foreign investors, with combinations of more than 590,000 million baht at the time, however Outflow occurred resulted from debt dropped in all. The age range or in another one could say that the return on investments in debt securities (Yield) increased by Yield of 5-year bonds rose from 3.0% in the month of May came. Yield of 3.7%, while 10-year bonds rose from 3.5% to 4.3% at the end of August, while the baht has weakened about 5.4% from Baht 30.41 / USD in May. c. to the 32.06 THB / USD at the end of August , the factors that make foreign money flowing out of the country in the last 4-5 months. May be divided into two parts, starting from concerns that the Federal Reserve (Fed) may reduce the size of the quantitative easing (QE) after the US economy. There Improving respectively. The number of people applying for unemployment benefits fell to its lowest level in five years while the quarterly GDP growth in the US than 2/56 of 2.5% compared to the previous quarter. Many opponents predicted that the Fed will begin to reduce the size of the QE measures by the end of 2556, particularly in meeting the Monetary Policy Committee (FOMC) to be held in September, the market is expected to have. Be clear about downsizing more QE, while the other factors that cause Outflow of foreign capital. Thailand's economy is likely to grow in the second half of the year 2556 adjusted worse in almost every aspect. The export figures still continued to contract as the economic slowdown in major industrial economies, especially China, which is the major export markets of Thailand, the Thailand's GDP grew by a quarter 2/2556. 2.8% which is down from 5.4% in the previous quarter. The worsened economic outlook contributed to the Outflow of foreign capital as well , however. After the FOMC meeting in mid-September, at a resolution not to reduce the size of the QE measures as many had anticipated. As a result, foreign capital has been flowing out in the previous session. Flow back into Thailand again. For the period between 16-20 September, foreigners returned as net buyers in the bond market than 66,000 million baht Thailand, of a return to net buying in short-term instruments 48,000 million baht and net buying. Long-term debt 18,000 million baht However, the purchases made ​​during the past five days, most of them concentrated in short-term debt, which will gradually expire over the next few days. It is expected that we will see continued net buy longer period of time. The bond was purchased to replace the original expiration into a major , but the interesting thing is that the buying power of 18,000 million baht in net long-term debt. During a period of only five days, representing almost half of the amount that had Outflow during 4-5 months earlier. Help the bond market reflects that Thailand is one more way to invest in foreign perspective. The price has dropped quite a lot. Investors may apply to their investment as well. And although the return on that investment in debt could not be higher as compared with investment in shares. But the diversion and the risk is still very low levels of it.

The influx of foreign investment And the effect on investment in the Thai bond market

by อพิ Prof. shoots the light, and

.Since last year. Thailand faced with flow conditions in - out of foreign reserves rather fluctuate from เคยไหล (Inflow) in large quantities, early years. Until the outflow (Outflow) continuously during the 4 - 5.And began to flow back in again in the 1 - 2 weeks. To change the direction of international capital flows A result, the price of stock on the stock exchange. Price inflation and debt - down along significantly.B.C. - Aug (4 month) with foreign capital flowing out from the Thai bond market, more than 170 000 million โดยในจำนวน is divided into Outflow. Arising from the sales force in the short-term debt (age less than 1 remaining years), 20000 million Outflow caused by strong sales in the long term debt (age balance than 1 years), 40 000 million, and the remaining, 110000 million due to the expiration of the debt that foreign investors ever held. The number formed to see clearly., (110000 20 000 = 130,,000 million) as Outflow from long term debt that even though the quantity is quite high. But also in the level that shouldn't be worried too much. Compared with the peak holding (Holding).590.000 million at that time

.However Outflow happened affect bond price dropped every age or in one corner of it may be said that the return on investment in debt. (Yield) increased by Yield FOMC 5 years.