Thailand’s baht rose on Tuesday on hopes that the tourism-reliant country waives quarantine for vaccinated visitors again, while its emerging market peers gained on a US dollar unperturbed by a rise in Treasury yields. Treasuries rose along the curve during Asia hours, with two-year yields, which track short-term rate expectations, crossing 1% for the first time since Feb 2020, as investors brace for a more hawkish US Federal Reserve. Emerging Asian stock markets were mostly higher, though barring China and the Philippines, gains were largely capped to below half a percent. Investors are eyein…

Read More