9 November 2026
Service Manager :  Sineerat (0-2257-0357 # 301)
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Bond Market Overview
 
Background
The Thai bond market has grown rapidly in recent years after the 1997's economic crisis. To help support cash-strapped financial institutions, in June1998 the government issued government bonds for the first time in the decade. The total amount of government bonds issued under this program was THB 500 billion and this has opened a new era for the Thai bond market. The government continued to issue bonds since then with the primary objective to finance budget deficit resulted from the crisis. The substantial amount of new government bonds coupled with successively downtrend of interest rates have contributed to the robust of the bond market as evidenced by a significant increase in both market size and trading volume. The outstanding value of total bond market increased from THB 547 billion in 1996 to 498 issues worth THB 1,507 billion at the end of 2001. Trading volume in the secondary market rose from a daily average of only THB 822 million in 1996 to THB 6,472 million in 2001.
Remark: 1. Data excludes FX Bond.
2. The yield on Inflation-linked bond is a real yield to maturity.

Market Wrap up
Total trading value increased by 9%.Govt gained the major portion or by 59% of total outright trading value , following by SA and CORP bonds,respectively.Govt bonds yields fluctuated within a range of -2 to 17 bp.Govt clean price index ended higher by 7 bp and corp index (BBB up) closed higher by 1 bp.The most active issue was LB313A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 18,402,431.91   -0.1  
 Number of issues 2,770  
 Total Trading Value 1,344,631.50   9.37  
   Outright/Cash Trading 77,867.73   -1.2  
   Financing 1,264,755.05   9.97  
   Others 2,008.71   228.11  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 664,965,840.36  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 106.47 0.07 107.49 0.08 353.34 0.25 2.58   8.20   142.68  
    Group 1 ( 1 < TTM <=3 ) 71.20 0.01 71.75 0.01 232.66 0.05 1.21   1.87   4.82  
    Group 2 ( 3 < TTM <= 7 ) 107.05 0.04 107.96 0.04 340.92 0.14 1.58   4.25   22.06  
    Group 3 ( 7 < TTM <= 10 ) 140.66 0.27 141.80 0.27 463.87 0.9 1.93   7.86   70.35  
    Group 4 ( 10 < TTM ) 173.65 0.13 175.80 0.15 589.58 0.49 2.92   14.56   313.64  
    Group 5 (<= 10) 89.42 0.05 90.11 0.06 288.63 0.18 1.67   3.79   24.14  
SOE (G) Bond Index 103.27 0.02 103.89 0.01 202.90 0.05 1.90   4.65   33.87  
SOE (NG) Bond Index 110.59 0.02 111.40 0.03 233.93 0.07 2.41   5.42   46.97  
Corporate Bond Index (BBB up) 108.16 0.01 108.79 0.00 240.55 0.03 2.48   3.05   16.58  
Corporate Bond Index (BBB+ up) 108.52 0.01 109.16 0.00 240.29 0.03 2.44   3.10   17.10  
 
Top 5 Most Active Bond                                                                                                                  
 BondType/
Issue Rating
Coupon Rate
(%)
Maturity
Date
TTM
(Years)
Last
Exec.Yield(%)
Weight
Avg.Price(%)
Trading Value
(THB mln.)
1.  LB313A GB 1.34000   17-Mar-31 4.35   1.515520   99.269462   13,231.95  
2.  CRC29NA AA- 0.00000   02-Nov-29 2.98   1.740118   94.982329   3,770.80  
3.  LB463A GB 3.22000   17-Mar-46 19.36   2.905983   104.632992   3,695.61  
4.  CB26N26A SA 0.00000   26-Nov-26 0.05   0.720914   99.968893   2,916.09  
5.  LB293A GB 2.40000   17-Mar-29 2.35   1.249342   102.660975   2,906.05  
 
 
 
 Market News
< 4381 | 4382 | 4383 | 4384 | 4385 | 4386 | 4387 | 4388 | 4389 | 4390 |   >
Found 66531 headlines
No. Date/Time Headlines
65716.       10-Oct-03 14:24     Government Bond Schedule Q1 FY 2004
65717.       10-Oct-03 10:31     TPIPL affirmed rating by TRIS
65718.       09-Oct-03 16:51     GLOW089A to be registered on 10 Oct
65719.       09-Oct-03 16:40     TAC bonds to be registered on 10 Oct
65720.       09-Oct-03 14:23     ETA Bond Auction Result
65721.       08-Oct-03 14:40     Thai Debt Rating Raised by S&P
65722.       08-Oct-03 14:08     TOC bonds to be registered on 9 Oct.
65723.       07-Oct-03 11:06     BOT Bond Auction Result
65724.       07-Oct-03 11:00     BAY assigned rating by TRIS
65725.       06-Oct-03 13:52     SSI073A and SSI083A  to be registered on 7 Oct.
65726.       06-Oct-03 11:08     Treasury Bill Auction Result
65727.       03-Oct-03 12:40     KBANK set coupon on THB 10,000 mln. bond
65728.       03-Oct-03 11:30     ETA to issue guarantee bond
65729.       01-Oct-03 14:54     SCC assigned rating by FITCH
65730.       30-Sep-03 17:29     Goverment Bond Schedule Q1, 2004
 
 
Disclamer