# SBSD to sell 40 billion baht in savings bonds with a maximum interest rate of 3.40% starting August 13th -

> The baht traded in a narrow range around 35.97 to 35.99 per dollar on July 30, after reaching a four-month high of 35.82 in mid-July. Thailand's Savings Bonds Sales Division plans to sell 40 billion baht of savings bonds with a maximum interest rate of 3.40% from August 13. Analysts flagged possible baht weakness toward 36.25 ahead of Fed and BOJ meetings.

- Date: 2024-07-30 · published 2024-07-30T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/29562-sbsd-to-sell-40-billion-baht-in-savings-bonds-with-a-maximum-interest-rate-of-3
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Baht depreciation raises the local cost of dollar-priced feed ingredients and fertiliser imports. The bond sale is a domestic financing move with little direct effect on feed commodity prices.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- thailandnewsday.com: https://thailandnewsday.com/sbsd-to-sell-40-billion-baht-in-savings-bonds-with-a-maximum-interest-rate-of-3-40-starting-august-13th/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.