SET Range 1,600-1,630 as US Bond Yields Fall

Prachachat•Economy•6d ago

Reader Briefing

Pi Securities forecasts the SET Index to move between 1,600-1,630 points on August 20 following a decline in US bond yields.

•The US Treasury announced a doubling of the maximum limit for bond buybacks for 10-20 and 20-30 year durations.
•US 10 and 30-year government bond yields fell significantly, boosting gold prices and the Thai Baht.
•Pi Securities identifies Non-Bank and Technology stocks as beneficiaries of the declining yields.
•Foreign investors net sold 8.7 billion baht yesterday, partly attributed to TTB big lots valued over 18 billion baht.

•Pi Securities forecasts the SET Index to move within the range of 1,600-1,630 points on August 20.
•The US Treasury announced it would increase the maximum limit for buybacks of 10-20 year and 20-30 year bonds by at least two times.
•US 10 and 30-year government bond yields dropped significantly, supporting gold prices to rise above 4,500 dollars and increase by up to 4.4% yesterday.
•The Thai Baht strengthened to 32.84 baht per dollar as the Dollar Index weakened.
•Market participants are awaiting jobless claims figures, which Bloomberg Consensus predicts at 210,000 people.
•Lower US yields may cause Thai yields to decrease, benefiting the overall stock market and the Non-Bank group.
•Foreign investors net sold 8.7 billion baht yesterday, with TTB big lots valued at over 18 billion baht contributing to this figure.
•Listed Thai companies' 2Q26 results are highlighted primarily by the energy group.

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Pi Securities(บล.พาย)

A securities firm providing market forecasts and investment strategies.

US Treasury(คลังสหรัฐ)ℹ️

The US government body that announced bond buybacks.

Bloomberg Consensus

An entity providing expectations for jobless claims figures.

TTB

A company whose big lots were valued at over 18 billion baht.

MTC