A little bit extra on the previous post about Thailand might buy Chinese bonds – in an FT article today and quoting Maurice Pomery of Strategic Alpha. “If central banks adopt a policy to buy their neighbours’ bonds to keep them less competitive, all hell could break loose”.
The second interesting piece was that the Bank of Korea found it necessary today to contact currency dealers at foreign banks seeking information about Won trading activities of offshore investors. Reuters ran the story quoting an unnamed BOK official who wanted to remain nameless ………obviously!
