Synapse Market Insight : Oil Surges, US Yields Rise, Baht Weakens
The robust US labor market suggests the Fed will hike rates another 1-2 times by its December 2026 and January 2027 meetings, pushing the 10-year yield to 5.09%. While other major central banks (ECB, BOJ, BOE) continue tightening, the Bank of Thailand (BOT) is expected to hold rates steady on December 23. This widening interest rate differential pressures the baht to weaken, while oil prices rebound.
We recommend trading energy stocks (PTT, PTTEP, TOP, BCP, SPRC) and baht-weakness beneficiaries (DELTA, HANA, ITC, TU, CPF, XO).
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