Next year, bonds with high yields might go down

The issue of high return debt securities could decrease in the future, according to the Thai Bond Market Association (TBMA), due to tighter issuance rules and increased caution from previous defaults.

In the low interest-rate environment the Thai bond markets witnessed the issuance of permanent bonds. Also, certain instances of non-coupon issuance were identified as fixed-income mutual funds have sought ways to reduce the impact that....