- USDTHB: moving in the range 32.205-32.21 this morning, supportive level at 32.15 resistance level at 32.35
- SET Index: 1,261.2 (-0.60%), 26 Nov 2025
- S&P 500 Index: 6,812.6 (+0.69%), 26 Nov 2025
- Thai 10-year government bond yield (interpolated): 1.685 (+2.98 bps), 26 Nov 2025
- US 10-year treasury yield: 4.00 (-1.0 bps), 26 Nov 2025
- Initial jobless claims fall, beating market expectations
- The UK’s Autumn Budget delivers few meaningful surprises
- BOK keeps rate steady amid strong growth and financial risks
- Thailand bond demand Plunges to six-year low
- The dollar softens heading into the US Thanksgiving holiday
Initial jobless claims fall, beating market expectations
Initial jobless claims fell to 216k in the week ending 22 November from 220k, defying expectations for a rise to 225k and matching the joint-lowest level since early 2024; the four-week average edged down to 223.75k. Continued claims for the prior week rose to 1.96mn, with the four-week average reaching 1.956mn—its highest since July 2025—suggesting jobseekers are finding it harder to secure work.
The UK’s Autumn Budget delivers few meaningful surprises
Chancellor Rachel Reeves unveiled a £26 billion tax increase in a budget aimed at balancing the priorities of both bond markets and Labour backbenchers. The plan included a more-than-doubled fiscal buffer of £22 billion and an additional £16 billion in welfare spending, with measures such as removing the child-benefit cap earning praise from left-wing MPs. Reeves confirmed that VAT, income tax, and NICs will remain unchanged, though she did not rule out further tax rises later in the parliamentary term. The Office for Budget Responsibility said the budget is unlikely to significantly affect output by 2030, while projecting the UK tax burden to reach 38% of GDP—the highest level since records began after World War II.
BOK keeps rate steady amid strong growth and financial risks
South Korea’s central bank kept its key interest rate at 2.5% for the fourth straight meeting, as expected. The pause, in place since July, aims to control a hot housing market while supporting the economy amid challenges from higher US tariffs.
Thailand bond demand Plunges to six-year low
Thailand’s 30-year bond sale saw its weakest demand in at least six years, with the June-2055 issue drawing a bid-to-cover ratio of just 0.68 amid concerns over a potential sovereign rating downgrade and uncertain rate outlook.
The dollar softens heading into the US Thanksgiving holiday
The 10-year government bond yield (interpolated) on the previous trading day was 1.685, +2.98 bps. The benchmark government bond yield (LB353A) was 1.660, +3.11 bps. Meantime, the latest closed US 10-year bond yields was 4.00, -1.0 bps. USDTHB on the previous trading day closed around 32.25, moving in a range of 32.205 – 32.21 this morning. USDTHB could be closed between 32.15 – 32.35 today. The dollar softened ahead of the US Thanksgiving holiday amid expected quieter trading, though stronger-than-forecast data—Initial Jobless Claims falling to 216k and a Durable Goods beat—briefly lifted the dollar index. The euro inched higher but remained capped near 1.1600, with ECB officials including De Guindos and Vujcic signalling no need for further rate cuts. The British pound ultimately firmed despite choppy moves following an unusual UK Budget episode in which the OBR pre-empted the Chancellor; investors focused on increased fiscal headroom, though doubts linger about the package’s credibility, and OBR forecasts reinforced expectations for a BoE rate cut in December. The Japanese yen underperformed amid broader risk-on sentiment despite a recently hawkish-tilting BoJ source report.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
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