TTB Wealth: US bond yield surge to 5.11% boosts five bank and insurance stocks

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Summary · why it matters

TTB Wealth Securities said the 10-year US bond yield has climbed to 5.11%, the highest in 20 years, after several Fed board members voiced support for further rate hikes to curb inflation, amid rising oil prices and a still-strong US economy and labor market. It views this as positive for the banking and insurance sectors, including KTB, KBANK, BBL, TLI and BLA. Meanwhile, statistically, the groups that tend to outperform in a rising bond yield environment include AMATA, WHA, DELTA, AOT, CENTEL, CPN and PR9.

Impact on assets 14

Financials▲
Thai Life Insurance PCL
TLI
▲ PositiveMonetaryrelevance

Rising bond yield environment is viewed as positive for Thai Life Insurance as an insurer.

Digital Finance & Tokenization▲
Bangkok Bank PCL
BBL
▲ PositiveMonetaryrelevance

Rising US 10-year bond yield to 5.11% on Fed rate-hike support is viewed as positive for Bangkok Bank as a bank.

Climate Adaptation & Water▲
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Consumer Discretionary▲
Real Estate▲
Electrification & Mobility▲
Health Care▲
Artificial Intelligence▲
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