10-year yield 4%

       The Finance Ministry has approved the sale of 7.74 billion baht worth of 10-year government bonds for a weighted average accepted yield of 3.977%. Accepted bid yields ranged from 3.9% to 4.05%,with the coupon rate 3.875% and bid coverage of 0.85 times.
       Also sold were 8 billion baht in floating-rate bonds due in September 2013 for an average yield of 1.461%.Accepted bid yields ranged from 1.44% to 1.47%, with the coupon rate 6M Bibor (Bangkok Interbank Offered Rate)-0.15% and the bid coverage ratio 2.69 times.