21 May 2025
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 2%.Govt gained the major portion or by 54% of total outright trading value , following by SA and CORP bonds,respectively.Govt bonds yields increased by 0 to 12 bp.Govt clean price index ended lower by -11 bp and corp index (BBB up) closed lower by -4 bp.The most active issue was LB303A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 17,530,917.09   -0.07  
 Number of issues 2,865  
 Total Trading Value 1,411,763.11   2.14  
   Outright/Cash Trading 111,286.13   -6.74  
   Financing 1,298,968.72   2.99  
   Others 1,508.26   -3.56  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 681,850,547.17  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 109.76 -0.11 110.89 -0.1 350.17 -0.31 2.31   8.89   163.33  
    Group 1 ( 1 < TTM <=3 ) 71.63 -0.01 72.07 -0.01 226.16 -0.02 1.60   1.93   5.02  
    Group 2 ( 3 < TTM <= 7 ) 107.58 -0.06 108.55 -0.05 330.00 -0.16 1.70   4.27   22.35  
    Group 3 ( 7 < TTM <= 10 ) 141.79 -0.12 143.46 -0.11 451.33 -0.33 1.85   7.19   60.39  
    Group 4 ( 10 < TTM ) 185.01 -0.3 187.28 -0.29 600.97 -0.92 2.48   14.86   327.51  
    Group 5 (<= 10) 89.96 -0.04 90.73 -0.03 280.13 -0.1 1.73   3.76   22.20  
SOE (G) Bond Index 103.61 -0.07 104.20 -0.07 197.27 -0.13 1.91   4.44   34.01  
SOE (NG) Bond Index 110.46 -0.1 111.33 -0.1 224.44 -0.19 2.56   5.84   55.49  
Corporate Bond Index (BBB up) 107.75 -0.04 108.37 -0.04 228.09 -0.06 2.89   2.88   15.80  
Corporate Bond Index (BBB+ up) 108.07 -0.04 108.70 -0.04 227.92 -0.06 2.88   2.90   15.94  
 
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.  LB303A GB 1.66000   17-Mar-30 4.82   1.642990   100.078561   16,046.65  
2.  CBF25609A SA 2.13746   09-Jun-25 0.05   1.682705   100.009729   10,147.16  
3.  CB25821A SA 0.00000   21-Aug-25 0.25   1.526899   99.623714   9,164.39  
4.  LBA506A GB 3.15000   17-Jun-50 25.09   2.638951   108.816072   8,643.15  
5.  CBF25616A SA 2.30784   16-Jun-25 0.07   1.687623   100.007794   5,706.46  
 
 
 
 Market News
 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |   >
Found 62841 headlines
No. Date/Time Headlines
1.       21-May-25 13:58     งบการเงิน ของ NER งบปี/2024 (แก้ไข)
2.       21-May-25 13:46     งบการเงิน ของ NER ไตรมาสที่ 3/2024 (แก้ไข)
3.       21-May-25 13:06     Loan Bond Auction Results: LB303A, LBA506A (update)
4.       21-May-25 11:49     งบการเงิน ของ BSRC ไตรมาสที่ 1/2025 (แก้ไข)
5.       21-May-25 11:46     งบการเงิน ของ BSRC งบปี/2024 (แก้ไข)
6.       21-May-25 11:22     การดำรงเงื่อนไขทางการเงิน ของ TBEV งบปี ประจำปี 2023 (แก้ไข)
7.       21-May-25 09:57     BWG informs to exercise partial call option on its debenture (BWG25OA).
8.       21-May-25 09:16     The Bond Switching Result 21/05/2025
9.       21-May-25 09:16     The Bond Switching Result 21/05/2025
10.       21-May-25 09:16     The Bond Switching Result 21/05/2025
11.       21-May-25 09:16     The Bond Switching Result 21/05/2025
12.       21-May-25 09:16     The Bond Switching Result 21/05/2025
13.       21-May-25 09:16     The Bond Switching Result 21/05/2025
14.       21-May-25 09:16     The Bond Switching Result 21/05/2025
15.       21-May-25 09:16     The Bond Switching Result 21/05/2025
 
 
Disclamer