6 January 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 15%.SA gained the major portion or by 69% of total outright trading value , following by Govt and CORP bonds,respectively.Govt bonds yields increased by 0 to 9 bp.Govt clean price index ended lower by -39 bp and corp index (BBB up) closed lower by -5 bp.The most active issue was CB26409A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 17,878,248.86   -0.01  
 Number of issues 2,759  
 Total Trading Value 2,124,569.78   15.31  
   Outright/Cash Trading 190,466.36   94.01  
   Financing 1,932,579.51   10.84  
   Others 1,523.91   89  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 752,608,601.74  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 111.69 -0.39 111.96 -0.39 362.24 -1.25 2.09   9.14   171.83  
    Group 1 ( 1 < TTM <=3 ) 71.88 -0.03 72.12 -0.03 230.13 -0.08 1.15   1.93   5.04  
    Group 2 ( 3 < TTM <= 7 ) 108.78 -0.13 109.07 -0.12 339.21 -0.38 1.29   4.32   22.63  
    Group 3 ( 7 < TTM <= 10 ) 143.83 -0.53 144.20 -0.52 465.12 -1.69 1.61   7.88   70.69  
    Group 4 ( 10 < TTM ) 190.15 -1.18 190.45 -1.17 628.47 -3.85 2.32   15.56   355.36  
    Group 5 (<= 10) 90.70 -0.12 90.97 -0.12 286.90 -0.37 1.40   4.01   25.28  
SOE (G) Bond Index 104.58 -0.11 105.10 -0.1 201.81 -0.2 1.65   4.35   33.69  
SOE (NG) Bond Index 112.19 -0.17 112.85 -0.16 231.85 -0.33 2.21   5.82   53.17  
Corporate Bond Index (BBB up) 108.57 -0.05 109.26 -0.04 234.75 -0.08 2.50   2.95   16.17  
Corporate Bond Index (BBB+ up) 108.97 -0.05 109.68 -0.04 234.70 -0.09 2.45   3.00   16.70  
 
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.  CB26409A SA 0.00000   09-Apr-26 0.25   0.983476   99.755623   63,570.27  
2.  CB27107A SA 0.00000   07-Jan-27 1.00   1.079641   98.934788   36,097.35  
3.  CBF26119A SA 1.79039   19-Jan-26 0.04   1.230954   99.997698   6,385.86  
4.  LB29NA GB 2.50000   17-Nov-29 3.87   1.239702   104.737860   4,479.03  
5.  TB26225A TB 0.00000   25-Feb-26 0.14   0.996139   99.868550   4,370.25  
 
 
 
 Market News
 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |   >
Found 65334 headlines
No. Date/Time Headlines
1.       07-Jan-26 10:30     Loan Bond Auction Results: LB456A
2.       07-Jan-26 10:22     YUANTA informs the partial redemption of YUANTA26130A on January 07, 2026.
3.       07-Jan-26 09:54     TRIS Rating assigns a rating of “BB+” to Unique Engineering and Construction PLC (UNIQ)’s senior unsecured debentures. At the same time, we affirm the issuer credit rating on UNIQ at “BBB-” and the ratings on UNIQ’s existing senior unsecured debentures at “BB+”, with a “stable” rating outlook.
4.       07-Jan-26 09:54     TRIS Rating assigns a rating of “BB+” to Unique Engineering and Construction PLC (UNIQ)’s senior unsecured debentures. At the same time, we affirm the issuer credit rating on UNIQ at “BBB-” and the ratings on UNIQ’s existing senior unsecured debentures at “BB+”, with a “stable” rating outlook.
5.       07-Jan-26 09:54     TRIS Rating assigns a rating of “BB+” to Unique Engineering and Construction PLC (UNIQ)’s senior unsecured debentures. At the same time, we affirm the issuer credit rating on UNIQ at “BBB-” and the ratings on UNIQ’s existing senior unsecured debentures at “BB+”, with a “stable” rating outlook.
6.       07-Jan-26 09:54     TRIS Rating assigns a rating of “BB+” to Unique Engineering and Construction PLC (UNIQ)’s senior unsecured debentures. At the same time, we affirm the issuer credit rating on UNIQ at “BBB-” and the ratings on UNIQ’s existing senior unsecured debentures at “BB+”, with a “stable” rating outlook.
7.       07-Jan-26 09:54     TRIS Rating assigns a rating of “BB+” to Unique Engineering and Construction PLC (UNIQ)’s senior unsecured debentures. At the same time, we affirm the issuer credit rating on UNIQ at “BBB-” and the ratings on UNIQ’s existing senior unsecured debentures at “BB+”, with a “stable” rating outlook.
8.       06-Jan-26 10:24     Central Bank Bill Auction Results: CB26409A, CB27107A
9.       30-Dec-25 09:50     Central Bank Bill Auction Results: CB26402B
10.       30-Dec-25 08:35     HMC has announced the debenture holder representatives change on its 4 bonds
11.       30-Dec-25 08:35     HMC has announced the debenture holder representatives change on its 4 bonds
12.       30-Dec-25 08:35     HMC has announced the debenture holder representatives change on its 4 bonds
13.       30-Dec-25 08:35     HMC has announced the debenture holder representatives change on its 4 bonds
14.       29-Dec-25 14:58     TRIS Rating affirms the issuer credit rating on Xayaburi Power Co., Ltd. (XPCL) at “A-”. At the same time, we affirm the issue ratings on XPCL’s senior unsecured debentures at “BBB+” and the rating on its guaranteed debentures at “AAA”. The rating outlook remains “stable”.
15.       29-Dec-25 11:31     MJD แจ้งข่าวต่อ SET เรื่อง สารสนเทศรายการเกี่ยวโยง เรื่องการต่ออายุสัญญากู้ยืมเงินของบริษัทกับบุคคลท
 
 
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