US Bond Yields Hit 24-Year High, Boosting Electronics Export Stocks DELTA, KCE, HANA

Kaohoon··THUS·Read original
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Long-term US bond yields have surged to their highest level in 24 years, pressuring the baht to weaken against a continuously strengthening US dollar. Kasikorn Research Center reported that the 10-year bond yield reached 5.349%, the highest since April 2002, while the 30-year bond yield also climbed to its highest level since May 2002, amid expectations that the Fed may raise interest rates again before the end of this year. TTB Wealth noted that the widening gap between Thai and US bond yields is the main factor pressuring the baht to weaken to 33.68 baht per US dollar, causing foreign investment flows to continue exiting the Thai capital market. Meanwhile, Krungsri reported that the 2-year bond yield rose 0.01% to 4.84% and the 10-year rose 0.03% to 5.31%, and recommended stocks with clear profit growth, namely AWC, KCE, and DELTA. Kasikornthai reported that US bond yields maturing in 5 to 30 years rose 0.07 to 0.12%, reflecting concerns over inflation and the fiscal deficit, while medium- to long-term Thai bonds rose only 0.02 to 0.04% in response. It expects the Fed to raise rates by 0.25% in December 2026 and March 2027, reaching a level of 4.50%, while Thailand is expected to keep its policy rate at 1.00% through the end of 2026. The weaker baht also directly benefits electronics export stocks, which are supported by both the currency and strong order books. Notable stocks include DELTA, KCE, and HANA.

Impact on assets 11

Semiconductors▲ · 2 stocks
Electrification & Mobility▲ · 1 stocks
Real Estate▲ · 1 stocks
Financials▲ · 1 stocks
Others▲ · 5 stocks
Others▲ · 1 stocks
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